Definition: The term "insurance on a Tesla" refers to the idea that there are two types of insurance: primary insurance and comprehensive insurance. Primary Insurance (also known as Physical Damage Protection) covers only physical damage, such as mechanical or electrical failures, to your vehicle. It is often required for purchases like new cars and used vehicles. Comprehensive Insurance (also known as Collision Coverage and Liability Coverage) provides additional coverage, such as liability for injuries that may occur during the collision. This type of insurance typically covers non-accidental damage to property but does not provide protection against physical damage or mechanical failures. It's worth noting that the specific coverage available will depend on the policies purchased, which can be found under the "Products" section of your policy documentation. The key terms you'll find in the policy include "Primary Insurance," "Collision Coverage," and "Liability Coverage."
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