Call Us (239) 594-0002 ☰ ˟
(239) 594-0002
Logo
  • Home
  • Get A Quote
    • Automobile
    • Business & CommercialImage of right arrow
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
      • Business Owners (BOP) Quote Form
    • Flood
    • HomeownersImage of right arrow
      • Homeowners Insurance Quote
      • Manufactured Home Quote
      • Homeowner Flood Quote Form
    • Motorcycle
    • Recreational Vehicle
    • Renters
    • Watercraft & Boat
  • Customer Service
    • AutomobileImage of right arrow
      • Request ID Card for Auto Policy
      • Add Vehicle to Existing Auto Policy
      • Remove Vehicle from Existing Auto Policy
      • Add Driver to Existing Auto Policy
    • Business & CommercialImage of right arrow
      • Request ID Card for Commercial Auto Policy
      • Add Vehicle to Existing Commercial Auto Policy
      • Request General Liability Certificate of Insurance
    • Recreational Vehicle
  • Blog
  • Make a Payment
  • Resources
    • Secure File Area
    • Refer a Friend
    • Important Links
    • Insurance Glossary
  • About Us
    • About Heritage Insurance Agency LLC
    • Employee Directory
    • Customer Testimonials
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
Home > Blog > Auto Insurance Comp and Collision
TUESDAY, AUGUST 25, 2020

Auto Insurance Comp and Collision

Good Morning,

Well as we continue our discussion about Auto Insurance our next topic is the actual physical damage coverage for your car. There are two different coverages that we will concern focus on here; comprehensive and collision. They are listed on your policy a bit different in that they do not show a coverage amount but rather your policy deductible for that specific coverage. For example it will list Comprehensive and say 500 or 1000. That is not the policy limit, but rather your out of pocket expense at the time of loss. It is worth noting that on MOST auto policies, cars are valued at the actual cash value for that car or the"book value" as it is sometimes referred to. This has been the standard for many years but recently some carriers are offering some other options such as "new car replacement" and other such choices. Please discuss these choices with your agent while quoting your auto policy to see which option best fits your needs. These new replacement type policies it typically available only for a brand new car.

Anyway.... first let us begin with collision coverage. Collision covers the physical damage to YOUR car in the event of an accident with another vehicle or object (except an animal...weird but true). It pays to repair or provide you the actual cash value at the time of loss for the car less the deductible at the discretion of the insurer. So, if your car would cost more to repair than the value of the car the carrier would opt to "total out" your car and pay you the value for the car in lieu of making the more expensive repair.

Comprehensive coverage would cover direct physical loss to your car due to things other than collision, such as that deer we mentioned above. Some other things that are covered under comprehensive coverage are weather related losses to your car, theft, vandalism, damage to your windshield, and fire. These are just a few of the examples of the many possibilities of what can happen to your car. Surprisingly comprehensive coverage is VERY inexpensive, so even if you do not want to carry "full coverage" on that old car, it may be worth keeping comp just because it is so cheap.... if nothing else just to make sure your windshield is covered (no deductible on windshields in Florida).

Anyway, over the past few posts we have sought to give a broad understanding of the major components of the common auto insurance policy. This by no means is everything that is in your policy, but hopefully it has helped to clear up some of the mystery. If ever you have questions about your auto policy and would like to discuss them please feel free to give me a call 239-594-0002 or drop me an e-mail charlie@heritagenaples.com.

 

Have a great day,

 

Charlie

Posted 12:49 PM

Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This and all content is developed from sources believed to be providing accurate information. The information in this material is not intended to be used as tax or legal advice. Please consult with a tax and/or legal professional for detailed information regarding your individual situation. Some of this material was developed and shared by Heritage Insurance Agency LLC to provide information that may be of interest. Heritage Insurance Agency LLC is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.
Blog Archive
  • 2022
  • 2021
  • 2020

  • naples(14)
  • fl insurance(6)
  • naples fl homeowners insurance(5)
  • naples fl insurance(5)
  • naples fl condo insurance(4)
  • fl auto insurance(4)
  • fl homeowners insurance(3)
  • homowners insuance(1)
  • naples fl auto insurance(1)
  • fl home insurance bonita springs home insurance(1)
  • naples florida insurance(1)
  • auto insurance(1)

View Mobile Version
Logo
Quick Links
Home Our Products Customer Service Payment Options Report a Claim
About Us Refer A Friend Our Carriers Blog Contact Us
Location
10611 Tamiami Trail N.
Suite B2
Naples, FL 34108

Phone: (239) 594-0002
Fax: (239) 254-0002
Social Social
© Copyright. All rights reserved.
Powered by Insurance Website Builder