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What is covered by comprehensive physical damage on car insurance?
This type of insurance only covers any form of destruction or damage on your vehicle that come up as a result of an incident rather than an accident contrary to popular belief. These incidents might include fire, weather elements such as floods, burglary or even vehicular destruction by either animals or falling objects. The cost of this type of insurance is dependent on a wide array of factors which might include but not limited to the age of the vehicle in question or the presence of various safety features installed in your vehicle.
You are required by law to first be in possession of a collusion insurance policy before you can be able to secure a comprehensive insurance policy for your vehicle depending on your insurance provider. It is advisable that you put your car under comprehensive physical damage coverage as a more effective way of securing and protecting your vehicle in the event that the said vehicle is under particular form of lease or is under financing by a given lending institution.
Before you can make the final step of taking up this type of insurance, it is important that you evaluate your parking and driving patterns. Take into consideration the security of your usual parking spot and ask yourself the following questions. Is the area prone to vandalism or extreme weather patterns such as flooding? And would you have the financial capability to repair the vehicle in the event that it is vandalized or hit by a flood?>