To explain full comprehensive insurance I need to mention all the types of policies, there are 3.
- Full comprehensive
- Third party fire and theft
- And finally third party cover
Full comprehensive insurance is the first type of insurance. It covers your vehicle for basically any type of damage. The only things that are not covered are Acts of God or negligent damage. Negligent damage is damage caused by the owner of the vehicle through negligent acts like drinking under the influence of alcohol or racing. This needs to be proven though. Acts of God would be things like earth quakes and hurricanes.
So full comprehensive insurance covers you for:
- Theft, should your vehicle be stolen.
- Accident damage, should you be involved in an accident.
- Third party damage (if the accident is proved to have been your fault) covers the other car involved in an accident.
- You can also include third party liability cover should someone be injured in the accident.
- Window and glass cover. If your windscreen or any other window on your car is damage or broken.
- Car hire, you have the option to add car hire on your vehicle for theft, accident or both. Basically it allows you to have a replacement car if your vehicle has been stolen or in for repairs. It is for a limited time only though.
- Fire damage, should your car catch on fire due to electrical fault or something to that affect.
There are other forms of insurance policies on the market that cover your car for mechanical breakdown and things like that but they are not included in standard full comprehensive insurance.
Full comprehensive insurance is the best policy you can take out for your vehicle. Most finance houses and banks require full comprehensive insurance on your vehicle for the entire term of your lease or purchase agreement.