If you’re looking for automobile insurance in Columbus NE, or any other city across the country, you may be confused at all the options and price plans that are available. There are a myriad of policy types and they cover many different things. One such type of insurance that people get confused over is comprehensive insurance. Here are some things you should know about this coverage:
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Collision covers all repairs or complete replacement of your vehicle if it’s been in an accident.
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Collision covers damages that result for other incidents such as theft or fire.
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As with most insurance policies, there will be a deductible assigned as part of the policy. Generally, the higher the deductible, the lower your insurance payments will be.
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While it is a valuable part of coverage, it is also the most expensive.
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If you have a car loan, the financing company will typically require that you have comprehensive coverage.
If your car is older than 10 years old, you may not want to opt for this type of insurance. That means that if you’re in an accident, and you are found at fault, your insurance coverage will not pay for repairing your car; only the other driver’s car.
Penalties for no insurance
If you cannot provide proof of insurance, you could be subjected to the following penalties:
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Fines up to $500
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Requirement to file an SR-22
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Suspension of your license and registration
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Applicable registration fees
If your car gets impounded, you’ll also face impound fees.
Comprehensive insurance, typically known as collision insurance, is not required by law in Nebraska; however, there are instances where it makes sense to have it. Your automobile insurance in Columbus NE should provide you with the coverage you need. Talk to your agent to find out what’s best for you.
