What is comprehensive car insurance?
Date : 29 May, 2023
Author : Anika le Roux
As a car owner, you may have heard about comprehensive car insurance, but do you really know what it entails? In this post, we will explore the ins and outs of comprehensive car insurance and why it is a crucial investment for any car owner.
Comprehensive car insurance covers damages to your vehicle from accidents (your own damage), theft, fire, or third-party and hail damage. Some car owners choose third-party, fire and theft cover, but this won't include accident-related cover for your vehicle.
Comprehensive car insurance saves you from costly expenses for accident damage. Note that your vehicle may not be written off after an accident, but it may be undrivable. Without comprehensive cover, you'll face unexpected expenses and possibly no transport.
Here are a few reasons why comprehensive car insurance is a wise investment:
Protects against riots and strikes
No one likes to think about their car being damaged due to political riots and/or strikes, but unfortunately, it happens. With comprehensive car insurance, Sasria cover is automatically included and you can rest assured that you're covered in the event of damage caused by riots and or strikes.
Peace of mind
With comprehensive car insurance, you can have peace of mind knowing that you're protected against a wide range of events that could otherwise result in costly repairs or vehicle replacement.
Cost-effective in the long run
While comprehensive car insurance may come with a higher premium than third-party, fire and theft cover or third-party cover only, it can save you thousands in the event of an accident or theft.
Required by lenders
If you have vehicle finance, your finance bank will require you to have comprehensive car insurance to protect their risk.
In the event that your vehicle is paid off
It is still a good investment to take out Comprehensive car insurance seeing that the Insurer will pay you out the retail value of the vehicle at the time of the accident in the event that it is a write-off. You will be placed in a position to either buy another vehicle in cash or put down a deposit if you would rather finance a vehicle.
In conclusion, comprehensive car insurance is a crucial investment for any car owner. It provides protection against a wide range of events It may come with a higher premium than third-party, fire and theft cover or third-party cover only, but it is a cost-effective investment in the long run. So, if you haven't already, consider purchasing comprehensive car insurance to protect yourself and your vehicle.
Tyre & Rim Insurance
Tyre and rim insurance is a type of car insurance coverage that covers the cost of repairing or replacing damaged tyres or rims due to road hazards such as potholes, debris, or curbs.
Scratch & Dent Insurance
Scratch and dent insurance is a type of car insurance that covers the cost of repairing minor scratches and dents that are typically too small to warrant a claim under traditional car insurance policies.
Mechanical Warranty Insurance
Mechanical warranty insurance provides coverage for unexpected mechanical breakdowns beyond the original manufacturer's warranty period. This insurance policy can cover the costs of repairs and replacement parts, as well as some of the labour costs associated with those repairs.
