15:36 Nov 12, 2007 |
English language (monolingual) [PRO] Bus/Financial - Insurance | |||||||
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| Selected response from: Tony M France Local time: 22:29 | ||||||
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SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
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5 | The US flavor |
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4 | UK perspective |
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4 | it depends on the policy |
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3 | general info (US interpretation) |
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The US flavor Explanation: Liability coverage (third-party) (mandatory): the insurance company will pay expenses associated with property or bodily/health damage to third parties. Collision coverage: covers damage to your vehicle and resulting from an accident. Comprehensive coverage: covers damage to your vehicle resulting from other events: weather (a tree may fall on the car's roof, hail may damage the paint), vandalism (somebody may write something on the car's body with a nail), etc. |
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comprehensive cover UK perspective Explanation: In the UK, the various types of cover are additive; the basic cover, required by law, is 'third party', which covers you for damage you might cause to other people Then come 'third party, fiire, and theft', which gives you that same basic cover, PLUS cover against your own vehicle getting burned or stolen. And finally, '(fully) comprehensive cover', which covers all of the above, PLUS damage to your own vehicle. I have never personally encountered a 'comprehensive' poilicy that did not also automatically include the other covers too. |
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it depends on the policy Explanation: There are some clauses and exclusions in all comprehensive policies. -------------------------------------------------- Note added at 51 mins (2007-11-12 16:27:59 GMT) -------------------------------------------------- Comprehensive Fully comprehensive (or "fully comp" as it is known) insurance as the name suggests is the most comprehensive form of car insurance. It is more expensive than third party, fire and theft, but includes cover for the policyholder and their vehicle. It is important to remember that fully comprehensive insurance does not mean complete cover. There will be some exclusions in all policies. However, apart from the agreed exclusions all damage to your car be covered and the policyholder will be able to claim on their policy should they so desire. -------------------------------------------------- Note added at 52 mins (2007-11-12 16:29:36 GMT) -------------------------------------------------- http://www.yesinsurance.co.uk/car-insurance/comprehensive.ht... -------------------------------------------------- Note added at 54 mins (2007-11-12 16:31:44 GMT) -------------------------------------------------- http://www.insure.ie/motor-insurance/comprehensive-insurance... -------------------------------------------------- Note added at 1 hr (2007-11-12 16:37:21 GMT) -------------------------------------------------- http://www.aainsurance.co.nz/resources/policydocs/AAi15 Road... |
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general info (US interpretation) Explanation: I basically agree with A. Demyanov's answer, with regard to "collision" and "liability" insurance. However, I also believe that in the US, people also refer to "comprehensive" as meaning that the person has both collision and liability insurance (not necessarily vandalism insurance and the other things that Alexander mentions). It really depends on the insurance company and what is specifically written in the policy. |
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