WHAT IS COMPREHENSIVE OR “COMP” COVERAGE ON AN AUTO POLICY

Comprehensive coverage on an auto policy pays for incidents that happen to your automobile other than an actual Collision. A simpler way for me to keep it straight is Comprehensive or “Comp” pays for  Fire, Theft, Vandalism, or Window breakage. This type of coverage is usually written as a part of a “Full Coverage” policy. Full Coverage is a term used to describe a policy that has Collision, Comprehensive coverage and may include Towing and Rental Coverage.

Auto Policies that have Comprehensive and Collision on them have Separated Deductibles for each of the coverage, and a lot of the time, the comprehensive deductible is lower than the collision deductible. If you make a car payment, you will usually be required to carry this kind of coverage in order to satisfy the financial institute that has financed your car and to protect them from losses to the vehicle from Fire, Theft, Vandalism and Window Breakage.
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