Today we take an in-depth look at two types of car insurance Coverage; liability and comprehensive. Your car is expensive and precious to you. You most definitely need to have peace of mind knowing that it is protected from damage caused by accidents, theft and fire. But do both types cover all those? Read more to find out.

1.Liability insurance/Third Party coverage
In the event you are found at fault in an accident, liability insurance will cover you. It will cover the cost of repairing any goods damaged by an accident as well as paying medical bills from resulting injuries. Liability only covers damages or injuries done to third parties and their property, not to the driver and the driver’s property. Typically, with this type of coverage, there is no deductible, that is, nothing will come out of your own pocket.

There is always a major debate on whether one should go for liability or comprehensive. Stay put and read on before you make a decision!

2. Comprehensive
Comprehensive goes beyond liability to third parties. Remember liability covers damage done to the third party only. Comprehensive however, covers not only damage to the third party but also damage done to your own vehicle.
With this coverage, the company will pay for the repairs of your car. Should the unfortunate happen and your car is totaled in an accident, and the cost to repair it exceeds the value of the car, then this coverage will pay the value of your car.

If however your car is old, this type of coverage may not be necessary as compared to covering a new car or one that is of a much higher value. Imagine you have a brand new car and it is totaled in an accident, and the worst part is you did not have it insured, MMMMAJOR SETBACK! So why not have it insured now to be on the safe side?

Imagine something happens to your car, something that is unrelated to the type of coverage from accidents. Imagine your car is stolen or even worse, it burns. Will your insurance cover such a situation?
It is situations like this where comprehensive coverage kicks in. This type of coverage is great to have if it fits your budget as it has the widest full coverage benefits that range from fire, theft, to windscreens. If your car is easily replaceable, then you do not need this type of coverage.

After reading this you should be good to go and have decided as to what type of auto insurance to opt for. Still uncertain? Perhaps you should visit us and one of our friendly alphas will be more than willing to assist you with the type of coverage that best suits you.