Automobile Comprehensive Coverage & Deductibles

Automobile comprehensive insurance can be confusing--like all forms of insurance. Unless you know what is and what is not considered comprehensive insurance coverage and how it works on your automobile insurance policy you can find yourself losing a lot of money by not reporting a loss.

First, understand that comprehensive coverage for your automobile is for situations out of your control and as such, is not considered a chargeable accident on your policy. The Insurance Company will not increase your rates because you put in a claim of this type. If you have too many claims they might increase your deductible, but your insurance rates will not go up.

Some types of claims associated with comprehensive coverage include:

• Vandalism to parts of your vehicle
• Theft of your vehicle
• Glass Breakage on your vehicle
• Something falls on your vehicle like a tree
• You come in contact with an animal causing damage to your vehicle

Usually there is a deductible applied to each comprehensive claim. It is possible in many states to get Full Glass Coverage, which means the company will fix or replace the glass on your vehicle free of charge to you--with no deductible.

If you have Rental Reimbursement on your vehicle, it will be possible for you to rent a vehicle while it is being fixed. You will have to read the terms and conditions on your policy, or ask your agent, to find out exactly how much coverage you're entitled to, (i.e. how long you can rent a car for, how much you will be allowed each day to spend on a rental and what the waiting period is before this coverage becomes effective).

The deductible will be applied to each claim--not each part of the coverage. Your premium will go down the higher the deductible is. So get different insurance quotes for the various deductibles you can apply to your policy.

If the thought of a deductibe worries you if there is a claim, now there is a way to cover that deductible. If you will go to the following site, it will all be explained to you: http://www.usahometec.com/maxitec.

If you would like to be able to sell this policy and make money helping others solve their deductible problems, you are invited to view the business opportunity part of this site at: http://www.myebizsecret.com/?ac=600266

That's it for today. My next post will explain Automobile Collision Insurance.

Regards,

Helene Solinga