What Is Comprehensive Car Insurance? – Forbes Advisor Canada

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  • What Is Comprehensive Car Insurance? – Forbes Advisor Canada

Here are examples of when you can make a comprehensive car insurance claim:

  • Your car has water damage from flooding.
  • Your car is stolen.
  • You hit a deer and dent your bumper.
  • A hail storm damages your car.

When you file a claim, comprehensive insurance pays out up to the actual cash value—or depreciated value—of your car, minus your deductible.

If your repair cost is just a bit more than your deductible, it may not make financial sense to file a comprehensive claim….

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