A typical Memphis, TN auto insurance policy doesn’t cover your own vehicle and yourself. That’s where comprehensive and collision coverage comes in. Comprehensive and collision coverage are optional types of car insurance that pay to repair or replace your vehicle after certain events.
Comprehensive covers non-collision events, including theft, vandalism, fire, hail, flood, animal strikes, and falling objects. Collision covers collisions with other vehicles or objects while you are driving.
Here is a closer look at comprehensive and collision coverage from P3 Insurance Solutions.
Why You Should Consider Comprehensive and Collision Coverage
If you have a newer or more valuable car, unexpected damage can cost you a lot of money out of pocket. Comprehensive and collision coverage pays for repairs or replacing your vehicle, minus the deductible.
Leasing or financing a vehicle often comes with insurance requirements beyond the bare minimum. Your lender may require you to carry comprehensive and collision coverage specifically. In this way, they can also protect their investments.
Unpredictable things, including unpredictable weather, can occur at any time. The extra protection provided by comprehensive and collision coverage gives you peace of mind. You know you’re covered for a wide range of scenarios.
What Makes Comprehensive and Collision Coverage Worth the Money?
Costs associated with adding comprehensive and collision can vary. Variables can include your vehicle’s make, model, year, and value, your driving history, your deductible amount, and your coverage limits. You can often include these coverage options in an overall auto insurance package.
How to Obtain Comprehensive and Collision Coverage?
If you are looking for comprehensive and collision coverage for your vehicle, aren’t sure if you need it, or just want to learn more about these and other coverage options, contact P3 Insurance Solutions. We are a local insurance agency that serves Memphis, TN and the surrounding areas. Contact us today.
