Definition: The word "automobile insurance comprehensive" refers to a type of insurance policy that covers all or part of the cost of an automobile accident, regardless of fault. This includes not only physical damage but also loss of value, repair costs, and legal expenses associated with the accident.
The definition of "automobile insurance comprehensive" can be summarized as follows:
1.
Purpose
: The primary purpose of the "automobile insurance comprehensive" is to provide coverage for potential liability claims related to a vehicle accident.
2.
Coverage
: The policy typically includes coverage for medical expenses, loss of profits, and damage to property or personal injuries.
3.
Limitation
: Depending on the extent of coverage provided, the limit may be set at a fixed amount or a percentage of the value of the car.
4.
Subparts
: Each part of a vehicle insurance policy typically includes an "Auto Comprehensive" section for comprehensive liability protection and/or "Automobile Comprehensive" sections for other types of damage.
5.
Premiums
: The premium rate for the automobile insurance comprehensive coverage is usually set by your insurance company based on various factors such as age, driving history, and location.
Understanding this definition can help individuals understand what they are covered under when purchasing an auto insurance policy, especially those who may be involved in accidents involving a vehicle. It's important to note that the specific coverage provided will depend on the terms of your policy, and it's recommended to review your policy documentation for clarity.
You've scored 50% OFF Factor 🤤
Forget the empty fridge stare-down. Factor delivers fresh meals to your door. Just heat & eat!
Click to sign up for FACTOR_ meals.