Car owners are always facing tough choices when it comes to the specifications of their vehicles. What brand of gasoline would give me the best mileage for the price? Do I want my windows to be at maximum darkness levels or should I keep it slightly visible? If my car upholstery fine as is or would I need to buy car seat covers for it? Should I buy gadgets like dash cams, upgrade my sound system, and equip my ride with a GPS map?
Of the many decisions to mull over, one of the most important has to be the type of insurance that will cover your vehicle (and by extension, you and your passengers) in case of accidents.
Many countries require car owners to purchase basic insurance for their car and third-party passengers. This ensures that, at the very least, there is a measure of safety upon car owners and their passengers, as well as the other people that are involved in accidents. However, you do have a more extensive option that you should look into: a comprehensive car insurance.
Many drivers – especially if they are first-time owners or non-car enthusiasts – are intimidated by how it sounds. However, experts will tell you that it’s more than a big deal for many car owners everywhere. This is why it’s vital that you should also know what this coverage is in order for you to decide if you’ll also get it for your vehicle.
According to the Insurance Services Offices (ISO), there are two main categories of covered physical damage losses, including collision damage losses and losses other than collision. These two categories are referred to as a “collision coverage” and a “comprehensive coverage”. The comprehensive car insurances cover several perils, depending on what the insurer has indicated. The most common incorporations are third-party, fire, theft, and accidental damage, but again, the benefits vary between insurers, which makes it imperative that you find out what yours cover (or will cover).
Learn about the benefits of getting a comprehensive car insurance with this infographic by iChoose.ph.