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You carry collision coverage on your vehicle with a $500 deductible. Since the deductible is your responsibility, your insurance company would pay $700 towards the repairs. Comprehensive (COMP or OTC)
First, it’s essential to understand the difference between comprehensive vs. collision. Hitting a stationary object or a pothole falls under collision coverage. Hitting a stationary object or a ...
Like collision, comprehensive requires you to pay a deductible. Average cost: ... this pays the difference between what you owe on your car loan and what your car is worth if it's totaled or ...
Comprehensive coverage, also known as other-than-collision coverage, is subject to a deductible and covers cars damaged by incidents that are not considered collisions. For example, fire, theft (or attempted theft), vandalism, damage from weather such as wind or hail, or impacts with non-human animals are types of comprehensive losses.
Comparing collision vs comprehensive insurance is a bit like putting a puzzle together. Both comprehensive and collision pay for damages to your vehicle, but they cover different scenarios ...
Comprehensive coverage: This type of insurance is designed to protect your vehicle from non-collision events, such as theft, vandalism or natural disasters. For instance, if your car is damaged ...
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