Posted by micsysadm on July 22, 2016
To protect yourself from the financial hardship caused by loss of or damage to your vehicle. Even though you may consider yourself a safe driver, no one leaves home planning on being in an accident. It only takes a moment’s inattentiveness or bad road conditions for something to happen. Even if an accident is not your fault, you may end up paying for the damages to your vehicle; your vehicle is hit by an unknown party while parked, or your vehicle is hit by someone who doesn’t carry insurance or flees the scene, leaving you to foot the bill. Carrying collision and comprehensive coverages helps to protect your financial interest in the vehicle.
Note: Collision and Comprehensive coverages are optional. However, if your vehicle is leased or has a lien on it, your lessor or lender may require you carry these coverages, and they may even have specific deductible requirements. Please check your leasing or lending agreement.