What is Comprehensive Car Insurance?

What is comprehensive car insurance, and should Ontario drivers have it? Unlike third-party liability insurance, which you’re legally required to have, comprehensive insurance is completely optional. If something happens to your vehicle in Unionville or Richmond Hill, comprehensive insurance could help pay for damages not covered by your standard liability insurance. Learn more about comprehensive car insurance with Pfaff Autoworks below to help determine if it’s worth it.

What Does Comprehensive Insurance Cover in Ontario?

Comprehensive car insurance does not protect your vehicle in a collision with another driver. For that, you would need collision insurance. So, what does comprehensive insurance cover? Essentially, comprehensive insurance helps pay for damage that your vehicle incurs while parked and not in use. Examples can include:

• Theft
• Damage caused by attempted theft
• Vandalism 
• Weather damage (floods, earthquakes, hail, lightning)
• Damage from falling trees or other objects
• Damage caused by animals

Should You Get Comprehensive Car Insurance?

Now you know what comprehensive car insurance is and what it covers, but should you add it to your plan? While comprehensive coverage is not required by law for Ontario drivers, it can still be useful. Some car loan lenders even require it. Consider these points when determining whether comprehensive coverage is worth it for you:

• Vehicle Value: How much is your car worth? If you drive an older vehicle, it might not be worth it once you add up the cost of your premium and the deductible for a potential claim. 

• Personal Finances: Would you experience significant financial stress if you had to pay for vehicle damages out of pocket? If so, adding comprehensive coverage could be wise.

• Risk: What’s the risk factor where you live? If you park your car below a large tree at home or vehicle theft and vandalism are common in your area, the peace of mind provided by comprehensive insurance could be worth the cost.

Comprehensive vs. Collision vs. Third-Party Liability Insurance

Keep the following in mind to remember the difference between these three types of insurance for Vaughan drivers:

• What Does Comprehensive Insurance Cover?: Damage that occurs while your vehicle is parked. 

• What Does Collision Insurance Cover?: Damage incurred by your vehicle in an accident where you’re at fault.

• What Does Third-Party Liability Insurance Cover?: Damages incurred by other drivers in a collision where you’re at fault.

There is also full coverage insurance, which includes comprehensive, collision, and third-party liability insurance all in one package.

Pfaff Autoworks is Here for You

When you need us most, the Pfaff Autoworks certified collision repair centre is here for you. In the unfortunate event of a collision, you can rely on our team to restore your vehicle to its former beauty and safety. Contact us with any questions or to learn more about our services.