Collision and comprehensive insurance coverages provide financial safety nets in the event that your vehicle is physically damaged and needs to be repaired or replaced. Although these coverages are generally not required by state laws, they can reduce your financial hardship during a loss.
Also, if you are financing a loan for a car, your lender will most likely require both collision and comprehensive coverage as part of your car insurance policy.
Collision coverage pays for the cost to repair damages to a vehicle due to an accident, either with another vehicle or an object. Typically, you will collect only the actual cash value of your car versus the replacement cost value. Gap insurance protects you in the event you owe more than your vehicle is worth.
Comprehensive coverage pays for damage to your vehicle that is caused by theft, vandalism, fire, natural disasters or hitting an animal.
What to do before purchasing a vehicle? Test drive the automobile insurance rate by contacting us at (219) 879-4581. We would be happy to provide you all the information that you need to help you make your best buying and coverage decision.
Michelle joined GIS in April of 2018 specializing in personal insurance in our Valparaiso office. Michelle grew up in Valparaiso and graduated from VHS. She later graduated from Don Roberts Beauty School, and began a 17 year career in the beauty industry. She currently resides in Morgan Township with her high school sweetheart husband, Jordan, and two fun loving boys. In her free time Michelle enjoys volunteering at Valparaiso Nazarene Church, watching baseball, running and spending quality time with friends and family.