Published at Monday, March 18th, 2019 - 23:34:12 PM. Types of car. By Ame Jung.
While the upside to this type of insurance is that it provides maximum security and protection for your vehicle one must also take note of some aspects when considering for a full comprehensive plane. One is that in contrast with the other types of plans this would be the priciest. One also needs to take note of clauses in the insurance as often full comprehensive do not cover 100% of the cost of the vehicle and only offer up to 80% or so. This is rationalized by insurance companies for avoidance of fraudulent thefts or claims.
This type of insurance is considered to be the basic type and covers the event that you get involved in an accident with another vehicle and it is your fault. As the name suggests this type would be similar to the previous one except with the fire and theft insurance claims. This basic insurance package is usually not preferred except for those vehicles that have little or no value.
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