Comprehensive insurance is regarded as an all-inclusive type of cover. Whether you need car or house insurance, comprehensive insurance cover will meet all your needs.
In terms of car insurance, comprehensive insurance covers damage caused by incidents other than a car accident, including theft, fire, vandalism, weather, falling objects or even animal damage. You need to be clear about the extent of your cover, however. For instance, if you’re looking for cover for personal items in your car, these won’t be included in your car insurance policy, but should rather be included in your household contents policy.
Collision cover reimburses the insured for the full cost of repairs or replacing the car. If you’re financing your car through the bank or a financial institution, you will have to get compulsory comprehensive insurance. The last thing you want is to have to pay out-of-pocket when your car is stolen shortly after leaving the showroom.
Comprehensive homeowners’ insurance policy protects your home from the risk of structural damage. This is top of the range cover that leaves nothing to chance.Typical coverage on comprehensive homeowners’ insurance includes:
Property damage – The policy will pay out in the case of water damage caused by plumbing issues
Personal Property– Cover will be provided for a certain amount that you have decided on
Personal Liability – This insurance will provide cover for medical payments for an individual that is injured on your property
Comprehensive life insurance cover means that you are covered for death, disability and/or critical illness. You get to protect your family from loss of income, giving them peace of mind when you are no longer able to provide for them.
Comprehensive health insurance is total coverage for healthcare-related charges. It should cover both in-patient treatment and outpatient treatment in full.