Mark ( Tampa, Florida) : I would like to review my auto insurance coverage? Do you think I should take car comprehensive coverage?

Response: Mark, you should review car insurance at least 2 times a year. Review car insurance quote and also your auto insurance coverage. You will save money and also get a better auto insurance coverage.

Comprehensive coverage covers your vehicle and other vehicles for all losses resulting from incidents other than collision. For example, comprehensive insurance covers damage to your car if it is stolen; or damaged by flood, fire, or animals. It pays to fix your vehicle less the deductible you choose. To keep your premiums low, select as high a deductible as you feel comfortable paying out of pocket. Coverage is limited to the terms and conditions contained in the policy. This is not required by a state, but if you have a loan or a lease then the lien holder will require it.

If your car is financed or leased, the finance company will probably require that you carry this coverage.
If you have a newer vehicle or one in excellent condition, you may need this coverage to replace or repair the vehicle in case of loss. I would personally advise you to take this coverage only if you have a new car or one with a high market value.
If you have an older car or one in poor condition, you may not want to pay for this coverage.
God bless.

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