Comprehensive Insurance – Definition
Before we start, it is important to see the formal definition of comprehensive insurance. Comprehensive insurance is a form of car insurance that provides protection for the insured car, the insured driver, the third party car and the third party driver.
Comprehensive Insurance – Easy Definition
Comprehensive insurance can be thought as a kind of car insurance that protects all the parties involved in an accident. It involves you, your car, the car that you crash with and the driver of the car that you crash with.
Comprehensive Insurance – Exemplary Incident
It will be easier to understand comprehensive insurance with the aid of an example incident.
For instance, think that you have crashed into a random car while driving. There is a damage on your car, you, on the car you crashed and the driver of that car. If you have a comprehensive car insurance, your insurance pays both for your losses and for the losses of the counter pary, which is also referred to as third party.
Should You Get a Comprehensive Car Insurance Policy?
I explained this issue in one other blog post. To see a detailed analysis of Comprehensive Car Insurance, CLICK HERE.