Comprehensive covers you if your car is stolen or if it’s damaged from something other than another vehicle or object (i.e. from fire, vandalism, windstorm, hail, flood, or impact with an animal). Collision covers you if you’re in an accident with another vehicle or object (or your vehicle overturns). The maximum amount you’ll receive is the actual cash value of the damage to your vehicle, minus the deductible (be sure to choose a deductive with an out of pocket cost you’re comfortable with).
If you are leasing or financing your vehicle you are generally required to have both comprehensive and collision coverage. If not, you are not required to have either, however if you want collision you are typically required to have comprehensive.
Not sure if you need comp and/or collision? No problem! Contact us today to review your current policy and we can advise the best coverage for your needs.
At Alpha/Omega Coverage, we can work with you to make sure you’ve got the coverage you need, while at the same time using all possible credits and discounts to make that coverage affordable. In addition, our financial division, Alpha/Omega Financial Services, offers a complimentary financial review to all new and existing clients. Just give us a call at 718-494-4440 or send us a note at Mike@insureSI.com. We want to help you meet your goals, and make sure what’s important to you is protected!
The author is providing the material and viewpoints on a generic informational basis. All references to various insurance policies, coverage terms, policy language, exclusions, definitions etc. are from a broad selection of general insurance information. It is not intended to be used for any specific policy or coverage situation. The views expressed by the author do not necessarily represent the views of the insurance companies it represents. Content has been referenced from The Travelers Indemnity Company.