Auto Insurance: Insuring Older Cars & Your Comp Coverage

Excerpt from a blog originally from Why Platinum?

"My car's paid for.  Why insure it?"

or, "It costs more than the car's worth?"

You have to have the liability coverage, but what about the rest?

In some cases Collision Coverage is expensive relative to the benefit of insuring an older car.  But what about the Comp Coverage?  People often drop both, but they are not attached.  Comp, sometimes called "other than collision", is often an inexpensive part of the policy.

Consider keeping the "comprehensive" coverage even if you drop the "collision."

Comp (Comprehensive) Coverage covers physical damage to your car from hazards such as (but not limited to):

• Fire
• Theft, Vandalism, & Riot
• Lightning 
• Hail
• Flood
• Earthquake
• Explosions
• Damage from Contact with an Animals
• Falling Objects like Trees and Branches

These are all risks that even great drivers face since they don't always involving the skill of the driver.  They happen to the car, often when not even moving.

Animals? 

Almost 250,000 crashes involving a motor vehicle directly hitting an animal on the roadway happen every year. An estimated 200 human deaths result from these crashes.  The most common stuck animals are deer,  bear, moose, horses, cattle, dogs, cats, coyotes, squirrels, and raccoons.  Any damage would be left up to your comp coverage.

This is California.  What about wildfire and earthquake damage to your car?

Homeowners Insurance, or Earthquake Insurance, does not provide coverage to a damaged vehicle you own, even if the damage is caused by your house.  Example: a garage roof collapsing from ice, fire, or earthquake. That's left up to your car's comp coverage.

This article is for informational purposes only.  There is no specific legal or insurance advice being offered.  Every situation differs.  The author or website assumes no responsibility or liability for actions taken, or not taken, by readers based upon such information.  Please consult with your insurance agent before making any decisions.

Contact a Platinum Elite Team Member today.

Mike Clinkenbeard - Santee (lic. #: 0588767) - (619) 442-0415

Susanne Romo - Chula Vista & Kearny Mesa  (lic. #: 0720743) - (858) 751-0956

Jasmine Guerrero - Downtown San Diego (lic. #: 0F60338) - (619) 501-6400
Brent McKiernan - Old Town San Diego (lic. #: 0F47109) - (619) 501-6425

Lorena De La Huerta - Hemet (lic. #: 0C51851) - (951) 766-8000

Jerry Cunningham - El Cajon (lic. #: 0E61752) - (619) 938-3123

Amber Ramirez - Ramona (lic. #: 0D95247) - (760) 789-0010
Luis Carbajal - Ramona (lic. #: 0F52624) - (760) 787-1100
Kris Avram - La Mesa (lic. #: 0577817) - (619) 465-5298
Terry Snow - Poway (lic. #: 0707368) - (619) 463-6767 

Vina Gan - San Marcos (lic. #: 0827699) - (760) 500-0267
Sandy Jensen - Santee (lic. #: 0G05110) - (619) 442-0415

Joaquin Lopez - Oceanside (lic. #: 0G16853) - (760) 433-4214 

John Campbell - La Mesa (lic. #: 0B74612) - (619) 667-1233 

Bob Yarbrough - La Mesa (lic. #: 0431056) - (619) 337-1257

Esteban Carbajal - San Ysidro (lic. #: 0F85430) - (619) 800-5777

Ricardo "Rick" Felix - Mission Valley (lic. #: 0D81028) - (619) 296-3276

Araceli De La Torre - Kearny Mesa (lic. #: 0G17321) - (858) 751-0956

Tony Gutierrez - La Jolla (lic. #: 0A87116) - (858) 751-0956

Kevin Tuckey - Mission Valley (lic. #: 0B72553) - (858) 751-1357

1011 Camino del Rio South,
San Diego, CA  92108

The Platinum Elite Headquarters can be found in the Farmers Insurance Building at:
1011 Camino del Rio South

Suite 100
San Diego, CA 92108

The Platinum Elite Headquarters can be reached at (619) 296-FARMERS, or (619) 296-3276

We use an investigative and educational process to ascertain your current risk exposure and deliver to you through our 'Value Insurance Proposal' (VIP) the correct levels of coverage at the right price without compromising vital coverages. You need to protect your family and the assets you have spent a lifetime acquiring.

With Farmers Insurance & The Platinum Elite, there is a difference. Discover:  
Why Platinum!

* The content of this blog is for informative purposes only. It does not reflect official standing of any agent, agency, or company mentioned on the blog. Nor is this blog necessarilly an endorsement. Please consult with your insurance, tax, or legal specialist before making any decisions. This blog is purely meant to spark the thought process.