Regardless if you’re a first-time car owner or not, knowing how comprehensive insurance works, and how it can help you make significant cost-savings in case you’ve got into an accident will surely make you want to purchase one. Don’t believe us? Well, here are some ways comprehensive insurance can save you from potential headaches.
In countries where Compulsory Third-Party Life Insurance (CPTL) is the standard required car insurance enforced by the government, car owners who have their cars insured no longer have to worry about paying for damages, repairs, medical bills, and other expenses that might result from collisions where they are at fault.
No matter how skilled driver you are, accidents are inevitable because of reckless drivers that you will encounter on the road. That said, having a CPTL would mean protection from shocking expenses in case you’ve been in an accident and a passenger gets injured or killed. But beyond that, it gives the peace of mind every time you hit the road.
However, as the name implies, CPTL does not cover you for any damages that you may suffer from the same accident, or from any accidents where there is no collision that took place. This is where comprehensive car insurance comes in.
A comprehensive car insurance provides you greater protection than a CPTL can provide. As the name suggests, comprehensive car insurance covers you on accidents that are considered to be your fault, as well to those when fault cannot be proven. For instance, you find your car vandalized, dented, or scratched just as before you drive your way to work.
Aside from minor incidents, this type of insurance allows you to claim your insurer in case your get damaged from natural disasters such as flood or earthquakes. At worst case scenario, comprehensive car protects you from financial stress in case your car got stolen.
Essentially, comprehensive car insurance provides complete coverage every situation that puts you at disadvantage. However, the coverage may differ from companies to companies. There are car insurance providers that can give you additional coverage depending on the limit of the plans available, coverage amount, and to your needs even. That said, it is advisable to shop around and make your research to get the best coverage possible.
To learn more about this topic, check the infographic below from iChoose.ph which discuss how comprehensive insurance works and why every car owners must have it.