When it comes to car insurance, there are various types of coverage options available, each with its own set of benefits and limitations. One of the most comprehensive and popular types of car insurance is fully comprehensive coverage. But have you ever wondered who is covered under this type of insurance? In this article, we will delve into the details of fully comprehensive car insurance and explore who is covered under this policy.
Fully comprehensive car insurance is a type of insurance that covers not only the driver but also the passengers, pedestrians, and other road users. This type of insurance provides coverage for damages to the vehicle, as well as liability for damages caused to other parties. It is considered the most comprehensive type of car insurance, as it provides coverage for almost all types of risks, including theft, fire, accidental damage, and third-party liability.
Who is Covered Under Fully Comprehensive Car Insurance?
Under fully comprehensive car insurance, the following individuals are typically covered:
Drivers
The policyholder, as well as any additional drivers listed on the policy, are covered under fully comprehensive car insurance. This means that if the policyholder or any additional driver is involved in an accident, the insurance company will provide coverage for damages to the vehicle and any liability for damages caused to other parties.
Passengers
Passengers in the vehicle, including friends, family members, and colleagues, are also covered under fully comprehensive car insurance. This means that if a passenger is injured in an accident, the insurance company will provide coverage for their medical expenses and any other related costs.
Pedestrians and Other Road Users
Fully comprehensive car insurance also provides coverage for pedestrians and other road users who may be injured or killed in an accident involving the policyholder’s vehicle. This includes pedestrians, cyclists, motorcyclists, and other drivers who may be involved in an accident with the policyholder’s vehicle. (See Also: When I Cancel My Car Insurance? What To Expect)
Third-Party Liability
Under fully comprehensive car insurance, the policyholder is also covered for third-party liability, which means that the insurance company will provide coverage for damages caused to other parties, including their vehicles, property, and personal belongings.
What is Covered Under Fully Comprehensive Car Insurance?
Under fully comprehensive car insurance, the following types of damages are typically covered:
Vehicular Damages
Fully comprehensive car insurance covers damages to the policyholder’s vehicle, including:
- Accidental damage
- Theft or attempted theft
- Fires or explosions
- Storm damage
- Collision with animals
Liability for Damages
Fully comprehensive car insurance also covers liability for damages caused to other parties, including:
- Third-party property damage
- Third-party bodily injury
- Third-party death
What is Not Covered Under Fully Comprehensive Car Insurance?
While fully comprehensive car insurance provides extensive coverage, there are certain types of damages that are not covered under this policy. These include:
Exclusions
The following types of damages are typically excluded from fully comprehensive car insurance: (See Also: Does Car Insurance Cover Mechanical Repairs – The Fine Print Explained)
- Wear and tear
- Maintenance and repairs
- Normal depreciation
- Intentional damage
- Driving under the influence
Conclusion
In conclusion, fully comprehensive car insurance provides extensive coverage for drivers, passengers, pedestrians, and other road users. It covers a wide range of damages, including vehicular damages, liability for damages, and third-party liability. While there are certain exclusions, fully comprehensive car insurance is considered the most comprehensive type of car insurance available. By understanding who is covered under this policy, drivers can make informed decisions about their car insurance needs and ensure they are adequately protected on the road.
Recap
Here is a summary of the key points discussed in this article:
- Fully comprehensive car insurance covers drivers, passengers, pedestrians, and other road users.
- The policyholder and any additional drivers listed on the policy are covered under fully comprehensive car insurance.
- Passengers in the vehicle, including friends, family members, and colleagues, are also covered under fully comprehensive car insurance.
- Fully comprehensive car insurance covers third-party liability, including damages to other parties’ vehicles, property, and personal belongings.
- The policy covers a wide range of damages, including vehicular damages, liability for damages, and third-party liability.
- Exclusions from fully comprehensive car insurance include wear and tear, maintenance and repairs, normal depreciation, intentional damage, and driving under the influence.
FAQs
What is the difference between fully comprehensive car insurance and third-party car insurance?
Fully comprehensive car insurance provides coverage for damages to the policyholder’s vehicle, as well as liability for damages caused to other parties. Third-party car insurance, on the other hand, only provides coverage for liability for damages caused to other parties, and does not cover damages to the policyholder’s vehicle.
Do I need to purchase fully comprehensive car insurance if I have a new vehicle?
It is highly recommended to purchase fully comprehensive car insurance if you have a new vehicle, as it provides coverage for damages to the vehicle, as well as liability for damages caused to other parties. This can help protect your investment and ensure you are adequately protected on the road.
Can I add additional drivers to my fully comprehensive car insurance policy?
Yes, you can add additional drivers to your fully comprehensive car insurance policy. This is typically done by listing the additional drivers on the policy and paying an additional premium. (See Also: What Is Tpl Car Insurance? Explained)
What happens if I am involved in an accident and my vehicle is deemed a total loss?
If your vehicle is deemed a total loss in an accident, your fully comprehensive car insurance policy will typically provide coverage for the vehicle’s actual cash value, minus any deductible. You can then use this coverage to purchase a new vehicle or receive a cash settlement.
Do I need to purchase fully comprehensive car insurance if I have a high-value vehicle?
If you have a high-value vehicle, it is highly recommended to purchase fully comprehensive car insurance. This type of insurance provides coverage for damages to the vehicle, as well as liability for damages caused to other parties, and can help protect your investment in the event of an accident or other unexpected event.