What is Comprehensive Insurance Coverage?

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What exactly is comprehensive insurance coverage, and what does it cover on your vehicle? Find out all about comprehensive insurance coverage and its benefits now with the Ryan Chevrolet finance experts! Then, if you still have any lingering questions after reading this, just contact us! Meanwhile, let’s dive into a detailed guide on comprehensive car insurance coverage right now!

A Quick Guide to Comprehensive Auto Insurance Coverage

Here’s the long and short of it: comprehensive auto coverage protects you against damage to your car that has not resulted from a collision. For instance, if your vehicle has been lost, stolen, vandalized, or even hit by a falling object, comprehensive coverage will likely cover any of these events. In many cases, comprehensive auto insurance will also cover a cracked or broken windshield, along with other forms of glass damage.

Understanding Comprehensive Car Insurance

Wondering how comprehensive car insurance coverage compares to other types of auto insurance you’re doubtless considering? Ryan Chevrolet has put together a helpful guide to answer your question “what is comprehensive insurance” and to help you understand the answer to this question in relation to what other types of insurance are and what they cover:

  • Comprehensive Car Insurance: Collisions aren’t the only way your vehicle could get damaged in Minot or Williston. That’s the basis for comprehensive coverage, which protects you against many issues that aren’t related to crashes or collisions, often including theft and vandalism.
  • GAP Insurance: Cars are depreciating assets, unlike homes. Your vehicle starts to depreciate as soon as you drive it off the lot. Regardless, the amount you must pay back on your auto loan stays the same, per your loan contract! Accordingly, an accident within the first few months of ownership could leave you “underwater” on your loan, meaning you owe more than your vehicle is worth. GAP insurance, or guaranteed asset protection, helps cover this “gap,” so you don’t have to pay too much out of pocket if worst comes to worst.
  • Liability Insurance: Liability insurance pays to repair or replace the vehicles of other drivers if you are at fault in a collision. It also covers the medical bills of those injured in the crash. In other words, liability insurance covers you for damage you cause to others or their autos.
  • Collision Insurance: Collision insurance protects your own vehicle against damages accrued during any single car or multi-car collision. Whether your vehicle is deemed a total loss or it’s fixable, collision insurance can help pay for the cost of replacing your vehicle or any associated damage repairs, respectively.

One Other Important Note: Insurance requirements vary state by state. Different states require different coverages and coverage limits. As such, if you’ve just moved to the New Town or Belcourt area, we highly recommend contacting a dedicated insurance broker or agent in your area to discuss the best insurance options for you. Of course, we can also help to a lesser degree here at the Ryan Chevrolet finance center, and may even be able to assist you in procuring certain policies, like GAP protection!

Rely on Ryan Chevrolet for Your Finance Needs

Whether you’re looking for more information on what comprehensive coverage is and what it will cover in your specific situation, or you’d like to learn more about other F&I options available to you, like an extended warranty, we here at Ryan Chevrolet are happy to help you with all your insurance and car finance needs!

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