comprehensive coverage on a vehicle is coverage for anything other than a collision. this includes things such as theft, vandalism, weather damage, hitting a deer etc.
the deductible refers to the out of pocket expense you have to pay if you file a claim. for example: let's say you hit a deer, causing $2000 damage to your vehicle..... the insurance company will pay $2000 minus whatever the deductible is. so, in this example, if you have $2000 damage with a $500 deductible, the claim would pay $1500.
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
If you leave the tailgate up on your Honda Fit and close the garage door on the tailgate that is a comprehensive claim. Your company will direct you to a repair shop. They will repair the car and send a check that requires two signatures, yours and the repair shop. The check will be for the amount of repairs minus your deductible. You will have to pay the deductible to get your car out of the shop.
That is a great question! Deductible is the word for what insurance companies expect you to pay towards your share of the cost. In their view, if you know that you have to pay before they will, it will act as an incentive for you to be a little more careful. In your auto policy you have a collision part, and a comprehensive part. The comprehensive covers any damage not incurred through a collision. A rock through the window, someone breaking into your car, or a tree falling on it would be examples of comprehensive coverage. In the event of these repairs, you would be expected to pay your deductible, and the company the rest. This is why it is important to not set a deductible higher than what you can safely scratch up, if you need to. I hope that helps, thanks for asking!
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the deductible refers to the out of pocket expense you have to pay if you file a claim. for example: let's say you hit a deer, causing $2000 damage to your vehicle..... the insurance company will pay $2000 minus whatever the deductible is. so, in this example, if you have $2000 damage with a $500 deductible, the claim would pay $1500.