What Does Comprehensive Insurance Cover?

What Does Comprehensive Insurance Cover?

When you’re shopping for that perfect new car in Brampton, you’re sure to have a lot of questions surrounding your various finance and insurance options. One common question for shoppers to ask is, “What does comprehensive insurance cover?” Comprehensive insurance coverage is designed to protect your new Caledon vehicle against damage not caused by a collision. In the unfortunate event of theft or vandalization of your vehicle, or if it is damaged by a fallen tree branch or some other fallen object, comprehensive insurance coverage would help pay for the damage. We’ll take a closer look at what’s covered, as well as a brief look at what’s not covered by comprehensive auto insurance, below.

Comprehensive Insurance Coverage: What’s Covered vs. What’s Not Covered

We talked a bit about what does comprehensive auto insurance cover up above, but it’s helpful for Orangeville drivers to also know what comprehensive insurance does not cover when they’re determining whether to pay extra for this coverage.

What’s Covered

  • Theft
  • Vandalism
  • Fire
  • Natural disasters
  • Falling objects
  • Damage to a car caused by animals

What’s Not Covered

  • Damage to your car caused by a collision
  • Damage to another driver’s vehicle caused by a collision
  • Medical expenses following an accident

What is a Comprehensive Coverage Deductible?

If you opt into comprehensive insurance coverage, you will need to choose a deductible. What is a comprehensive coverage deductible? It is a set amount of money you would need to pay out of pocket toward a covered claim in Georgetown. For example, if you have a $500 deductible and your repair cost is $3,000, you would pay the $500 deductible and your insurance company would cover the remaining $2,500.

Should I Get Comprehensive Insurance Coverage?

When determining whether the added monthly costs of comprehensive insurance coverage is worth it, ask yourself these questions:

  • Is it required by your lender? When financing a car with an auto loan, some lenders might require you to have comprehensive insurance coverage until you pay off the loan.
  • What is your car’s value? Get an estimate of what your car is currently worth. If your vehicle were lost, stolen, or damaged, could you afford to pay that amount to replace or repair it? If you wouldn’t be able to afford much out of pocket, comprehensive coverage might be worth having.
  • How much is the annual premium? Take the amount you would pay over the course of one year for comprehensive insurance coverage, and multiply that number by 10. If your vehicle is worth less than that number, then comprehensive coverage might not be a good investment.

Talk to Mercedes-Benz Brampton to Learn More

Still having trouble determining whether comprehensive coverage is right for you? Contact Mercedes-Benz Brampton to be put in touch with our finance centre. A friendly member of our team will be happy to learn more about your unique circumstances and help guide you toward a smart financial decision. Want to explore more auto insurance options? Explore our features on gap insurance and whether it is worth purchasing.

2024 Mercedes-Benz Sprinter Cargo Van 4500

2024 Mercedes-Benz Sprinter Cargo Van 4500
plus

Photo for illustrative purposes only.

More Details link-icon

Other Articles That May Interest You

The New 2025 Mercedes-Benz G-Class Has Arrived
plus

The New 2025 Mercedes-Benz G-Class Has Arrived

For nearly half a century, the Mercedes-Benz G-Class has set the benchmark for rugged luxury. In 2025, the legendary SUV returns with a refreshed lineup that blends heritage, advanced technology, and extreme capability. This year’s update introduces three distinct versions: The 2025 Mercedes-Benz G 550, featuring an electrified inline-six engine for enhanced power and efficiency. The 2025...

Read more link-icon
Mercedes-Benz Summer Tire Guide: The Best Summer Tires for Every Mercedes-Benz and AMG Vehicle
plus

Mercedes-Benz Summer Tire Guide: The Best Summer Tires for Every Mercedes-Benz and AMG Vehicle

As spring arrives and temperatures rise, Mercedes-Benz owners are starting to think about switching from winter to summer tires. While winter tires provide optimal grip in cold and icy conditions, they can negatively impact performance, handling, and fuel efficiency once the weather warms up. That’s why installing the right summer tires is crucial for maintaining the driving dynamics, safety,...

Read more link-icon
Discover Mercedes-Benz Connect+ Services: The Ultimate Digital Companion for Your Vehicle
plus

Discover Mercedes-Benz Connect+ Services: The Ultimate Digital Companion for Your Vehicle

Mercedes-Benz Connect+ is designed to elevate your driving experience by integrating advanced digital services that keep you connected, informed, and in control of your vehicle—whether you're behind the wheel or managing your car remotely. Through the Mercedes me app, owners can access a wide range of features that enhance convenience, security, navigation, and performance. This guide provides...

Read more link-icon