| Auto Insurance Which Covers Vandalism and Damage to a Car ...

If you are looking for auto insurance which covers vandalism and damage to a car, there are different types of physical damage coverage which will give you the protection you are looking for. Collision, comprehensive and uninsured motorist insurance may be used to pay for damage to your car, depending the circumstances.

Collision Auto Insurance Coverage

Collision auto insurance coverage pays out when the damage to your vehicle is caused by striking another vehicle or an inanimate object. This type of insurance also pays out following a rollover accident.

The policyholder will need to pay a deductible before the insurance company will pay out on a claim made under the collision portion of a policy. (Customers who choose a higher deductible can qualify for lower rates on their coverage, since the insurance company is taking on a lower level of risk in this instance.)

Comprehensive Auto Insurance Coverage

Comprehensive Auto Insurance is another type of physical damage protection available to drivers. It pays out for losses due to an event other than a collision. Examples of the type of events covered under the comprehensive coverage of an insurance policy include:

• Falling Objects
• Fire
• Flooding
• Hail
• Striking an Animal
• Theft
• Vandalism

Claims made under the comprehensive portion of an auto insurance policy are also subject to a deductible. The policyholder chooses how much he or she will pay toward settling a claim and the higher the deductible level, the lower the premium rates will be.

Uninsured Motorist Insurance Coverage

This type of protection is available as an add-on to an auto insurance policy. If the damage to your vehicle was caused by a driver who didn?t have property damage liability coverage in place, you can make a claim under the uninsured motorist part of your policy. The uninsured motorist coverage would also pay for the damages if your parked car was struck by a hit and run driver.

Choosing Physical Damage Coverage for Your Car

Physical damage coverage is not mandatory, but if you took out a car loan to finance your vehicle purchase, the lender may require that you keep full coverage (collision and comprehensive) in place until your car has been paid off in full.

If you are driving an older model vehicle which has little cash value, it may make more sense to drop the collision coverage entirely. If your car is worth the same or less than you deductible, you aren?t getting any benefit from keeping this protection in place.

You can choose to limit your comprehensive coverage to fire and theft only on an older vehicle to keep your coverage costs down.? Physical damage coverage on your car pays out based on its cash value, not what you paid for it or how much it would cost to replace your vehicle.

As your vehicle gets older, it depreciates in value. The value of your physical damage protection decreases over time and at a certain point, you will be better off not keeping full coverage in place.

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Source: http://www.roadrates.com/2011/10/auto-insurance-which-covers-vandalism-and-damage-to-a-car/

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