SERVICES WE OFFER
COMPREHENSIVE
INSURANCE
Comprehensive insurance, like the name suggests, is an insurance option that covers you against accidents, fire, theft and other insured events, as well as claims from third parties.
COMPREHENSIVE COVERAGE
Pays for part of the loss if your car is damaged. The vehicle owner will also have to pay for part of the cost, known as the deductible/excess. The insurance payment can be used for repairs, or for a new vehicle.
Comprehensive insurance is designed to pay for repairs to your vehicle caused by things other than a collision.
If you finance a vehicle purchase, you may be required to purchase comprehensive coverage as well as accident cover.
Comprehensive insurance covers damage to your car from animals, falling trees, natural disasters, theft, and vandalism.
Benefits of having comprehensive insurance:
How it works:
Comprehensive coverage pays for part of the loss if your car is damaged. The vehicle owner will also have to pay for part of the cost, known as the EXCESS. The insurance payment can be used for repairs, or for a new vehicle.
The bottom line:
If you've paid for your vehicle in full, and you can’t afford comprehensive insurance, or you own an older automobile that doesn’t have much value, you might feel that you're at low risk of non-collision damage. In this case, you might choose to skip comprehensive insurance. Or, if you prefer to self-insure, then you might also decide not to purchase comprehensive insurance.
But remember that in this instance, forgoing comprehensive coverage means you could end up with a steep repair bill if your car is damaged. So weigh the costs of any potential repairs against what you might pay in terms of premiums or deductibles to maintain comprehensive coverage.
Contact Capitalise Wealth Management today to get your plan on track…
QUESTIONS & ANSWERS
WHAT IS A COMPREHENSIVE INSURANCE POLICY?
Comprehensive insurance coverage is defined as an optional coverage that protects against damage to your vehicle caused by non-collision events that are outside of your control. This includes theft, vandalism, glass and windshield damage, fire, accidents with animals, weather, or other acts of nature.
WHAT CAN COMPREHENSIVE INSURANCE COVER?
Comprehensive car insurance is the type of insurance that covers damage to your own insured car, and the damage its use can cause to other vehicles or property. Comprehensive car insurance covers repairs to your car for damage caused by unexpected things like collision, fire, theft or weather events.
