Comprehensive car insurance is an optional insurance policy available to all customers who are shopping for auto insurance. This type of insurance policy is optional for customers who own their vehicle, although if you decided to lease or finance your vehicle you may be required by your lender to purchase this type of insurance coverage.
This type of insurance has you covered in the instance your vehicle is damaged outside of a car accident. Due to the nature of the coverage, many customers decide that it is not something they should opt for this coverage since they do not see any value for it. Although without a thorough understanding of this insurance policy you may put yourself in a compromising position not purchasing this insurance policy while trying to save money on your insurance premiums.
When you apply for this coverage, your insurance company would need to determine if your vehicle is eligible. This is determined on the actual cash value of your vehicle. After determining the actual cash value of your vehicle you would be able to decide if this policy is something you would need or could pass on.