California drivers are required to carry auto insurance that meets California’s state minimum requirements. Biddle-Shaw Insurance Services Inc. of San Francisco, CA is dedicated to helping motorists understand the law as well as their insurance options. Comprehensive auto insurance isn’t required by law. However, this doesn’t mean that there won’t be circumstances when you will have to carry full coverage or comprehensive insurance. As a motorist, you need to be aware of situations that may require you to carry full coverage, although it’s not required by law.
What is Comprehensive Coverage?
Comprehensive coverage is full coverage insurance. What does this mean? This type of insurance will pay to repair or replace your car if it’s lost, stolen, or damaged. Comprehensive auto insurance covers damage to your vehicle, even if the damage isn’t caused by a collision. Comprehensive insurance includes damage caused by hail, fire, wind, flood, theft, and vandalism. This coverage also includes damage caused by hitting an animal and falling objects. Many people may wonder why they should carry comprehensive insurance because it’s not legally required. However, the answer isn’t hard to understand. Of course, if you haven’t fully paid for a car and have a car loan or lease, the lender will likely require you to carry comprehensive insurance or full insurance.
Is Comprehensive Insurance Worth It?
However, there are other factors you should consider to help determine id comprehensive insurance is a good investment. These factors depend on your vehicle. As a general rule of thumb, if your annual premium is greater than the value of your car, it’s probably not a good idea to invest in comprehensive insurance. Not investing in comprehensive insurance is common sense for many reasons. If you sustain damage to your car and the cost of the damage exceeds your car’s value, your insurance company will deem your car a total loss. In this scenario, paying for full coverage isn’t a good investment. We understand that navigating car insurance can be confusing. There’s a lot to understand. However, we’re committed to educating you and answering your questions. Give us a call. We’re here to help.
