The sum of liability, collision, and comprehensive insurance is often acknowledged as a full auto insurance cover. They provide you with varying levels of protection against financial losses if you’re at fault in an incident. South Carolina law makes auto liability insurance mandatory, providing protection for bodily injury and property damage and coverage for situations involving uninsured motorists. The law doesn’t, however, enforce collision or comprehensive insurance, both of which pay for damages to your vehicle under specific circumstances. If auto insurance seems like a maze, connect with the Ingram Insurance team serving Cheraw, SC. We can help tailor the most suitable insurance plan for your needs.
Collision vs. Comprehensive Insurance
Collision and comprehensive auto insurance deal with situations where your vehicle has been damaged. Collision coverage applies when your vehicle collects damage from an at-fault accident. Comprehensive insurance, on the other hand, covers damage not caused by a collision. This could include scenarios like theft, hail damage, collisions with animals, falling trees or branches, and even vandalism.
While the law doesn’t require collision or comprehensive insurance, your lender may require both coverage types if you lease the vehicle or pay for it via loan. For those owning their vehicles outright, deciding to take collision or comprehensive coverage becomes optional. Usually, owners of newer vehicles opt for both. At the same time, the coverage is often dropped as the vehicle ages due to the lower value and potential repair costs involved with older cars.
Experience the Ingram Insurance Difference
If you reside in or near Cheraw, SC, the Ingram Insurance team is ready to assist with all your auto and comprehensive insurance needs. Come by in person or call us today for a personalized insurance plan that effectively meets your requirements.
