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Comprehensive
insurance (also known as Fully Comp) is the most protection that
is offered by car insurance companies.
Fully Comprehensive
insurance covers your vechicle for all damage that may be caused
to it that is either your fault or not.
Below
is a table of who and what is covered with Fulyl Comprehensive Insurance
| Who/What |
Covered
By Insurance
|
| You |
YES
|
| Your
Vehicle |
YES
|
| Fire
to your vehicle |
YES
|
| Theft
of your vehicle |
YES
|
| Third
Party Person |
YES
|
| Third
Party Vehicle |
YES
|
| Third
Party Property |
YES
|
| Passengers |
YES
|
An
example of how Fully Comprehensive Insurance works:
Mr.
Smith has Fully Comprehensive insurance for his car.
He is driving along and has his friend with him in the passenger
seat, while he is driving he accidentally runs into the back of
Mr. Jones car.
Mr. Smiths passenger and Mr. Jones both were injured in the accident
and damage was caused to both cars.
As the accident was Mr. Smiths fault his insurance company will
pay out. They will pay out for the injuries caused to Mr. Smiths
passenger and also the injuries to Mr. Jones. They will also payout
for the repairs to Mr. Jones car and also pay out for th erepairs
to Mr. Smiths car too.
Mr.
Smiths vehicle is stolen. His insurance will pay out.
Mr.
Smiths vehicle has a fire. His insurance will pay out.
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