If it says $500, is that the amount my car is covered for?
What happens if my car is stolen?
2007-03-21 14:43:45 · 2 answers · asked by Ariel 2 in Cars & Transportation ➔ Insurance & Registration
Collission means if you hit something and it does damage to your car or whatever you hit, it covers that damage.
Comprehensive covers any other damage such as hail, theft, fire, vandalism, tornado etc.
$500 is the deductible, which is the portion you pay for any damages that occur.
If your vehicle is stolen, they will pay the value of your vehicle, minus the deductible.
2007-03-21 17:05:15 · answer #1 · answered by Mark B 6 · 0⤊ 0⤋
comprehensive is for storm damage...theft...hail storm...ect....collision is you actual "driving" coverage....500 sounds like your deductible....2000 damage minus 500 deductible= 1500 is all they will pay for 2000 worth of damage...good luck
2007-03-21 21:55:05 · answer #2 · answered by Michael K 5 · 0⤊ 0⤋