When “comprehensive” is mentioned during car insurance renewal. People often think unnecessary spending that hikes up the insurance premium for insurers to profit. However, we will delve into the benefits of comprehensive car insurance to get the most out of it.
1.Coverage For Your Own Car
When it comes to coverage, comprehensive has your vehicle covered for most common occurrence just with the basic package alone without additional add-ons. When a 3rd party causes an accident you’re able to make claims. In the instance if you damaged your own car by hitting a divider, you’re still able to request for claims.
2.Protection Against Natural Disaster
“Natural Disaster” is an add-on worth looking into. Especially for those regions with higher chances of flooding, being in a urban areas won’t guarantee your vehicle safety as falling trees are also a common occurrence during thunder storms in a tropical country.
3.Additional Roadside Assistance & Towing
This Coverage also provides when you’re in situations of minor inconveniences such as flat tyres, dead batteries or even breakdown and need towing. However, towing services varies between insurers.
4.Theft & Fire Protection
Comprehensive also covers Fire & Theft, If stolen or lost to flames, comprehensive protects you financially. Whereas, “Third Party” only being the cheapest will not have such coverage.
5.Higher Resale Value
With a well maintained vehicle, the resale value is much higher when the time to trade-in comes. So having the best coverage is great in protecting the value of your car’s market value.
Conclusion
In the end, comprehensive coverage may seem to be a more priced product. However, when accounted & calculated, it becomes a much more beneficial coverage for your vehicle. Do not just look at the premium, but look at it as whole from value and perks that is offered and how to to make use of the benefits of comprehensive car insurance.
Read More:
How Car Insurance Protect Against Flood Damage
