After how many years of vehicle age can comprehensive coverage not be insured?
1 Answers
Generally, comprehensive coverage cannot be insured for vehicles older than 8 years. Relevant information about comprehensive coverage is as follows: 1. Definition: Comprehensive coverage is a type of commercial auto insurance where the insurance company compensates within reasonable limits for damages to the insured vehicle caused by an insured accident while the vehicle is being used by the insured or an authorized driver. Comprehensive coverage and third-party liability insurance are the basic types of vehicle insurance, primarily covering the loss of the insured vehicle and damages caused to third parties by the insured vehicle during use. 2. Coverage: The insurer is responsible for compensating for the loss of the insured vehicle caused by the following reasons while the vehicle is being used by the insured or an authorized driver: collision, overturning, falling; fire, explosion, spontaneous combustion (requires separate spontaneous combustion coverage); falling or collapsing external objects; storm, tornado; lightning, hail, heavy rain, flood, tsunami; ground collapse, ice collapse, cliff collapse, avalanche, mudslide, landslide, earthquake; ferry transporting the insured vehicle suffering from natural disasters (limited to drivers accompanying the vehicle as per 58 Auto regulations).
