Question on insurance
Thread Starter
Le Mans Master
Joined: Jun 2002
Posts: 5,037
Likes: 846
From: Rotonda West, FL 2015 Z51 M7 3LT
Oldtimer
Question on insurance
Talked to our insurance company about insuring the '03 and were talking about collision. She said if someone hits me, it's covered by comprehension. Collision was only if I hit someone. Doesn't sound right to me... does it to you guys? I think she's FOS....
Instructor
Joined: Aug 2012
Posts: 155
Likes: 0
From: Oregon City OR
I thought that comp was to cover someone else, if you were at fault. And collision was to cover your car no matter what. In my understanding, that's why if you owe money on your car you have to have full coverage so they cover your car in an accident.
I could totally be wrong though.
I could totally be wrong though.
Pro
Joined: Apr 2012
Posts: 526
Likes: 1
From: Maine
From the Allstate website: "What’s the Difference Between Comprehensive and Collision Coverage?
Here’s an easy way to understand the basic differences between Comprehensive and Collision coverage:
Collision coverage applies when two vehicles hit each other, or when a single vehicle hits an object of some sort (such as a tree, or a pole in a parking structure).
Comprehensive coverage protects you when your car has sustained damage that did not result from a collision, such as either a natural or civil disturbance (such as a hail storm, a falling tree, or an act of vandalism). Comprehensive coverage also protects against damage such as a broken window or windshield, as well as any damage sustained if you accidentally hit an animal while driving. Because these coverages protect you against different types of losses, it’s usually a good idea to include both on your policy.
Here’s an easy way to understand the basic differences between Comprehensive and Collision coverage:
Collision coverage applies when two vehicles hit each other, or when a single vehicle hits an object of some sort (such as a tree, or a pole in a parking structure).
Comprehensive coverage protects you when your car has sustained damage that did not result from a collision, such as either a natural or civil disturbance (such as a hail storm, a falling tree, or an act of vandalism). Comprehensive coverage also protects against damage such as a broken window or windshield, as well as any damage sustained if you accidentally hit an animal while driving. Because these coverages protect you against different types of losses, it’s usually a good idea to include both on your policy.
Drifting
Joined: Nov 2011
Posts: 1,377
Likes: 41
From: Chesterfield (St. Louis) MO
If someone hits you, it is not covered by Comprehensive (WTF is she thinking?). She is correct about the Collision insurance - that is if you hit someone, and it is your fault, you are covered (obviously have to pay your deductible).
Le Mans Master
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Instructor
Joined: Aug 2012
Posts: 155
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From: Oregon City OR
Yeah, pretty much. And after paying it for years and years, they have more ways of getting out of paying for stuff than you could ever imagine.
Farmers insurance has been good to me so far though, so I can't complain. Have 3 cars and a bike on that plan, all full coverage.
Melting Slicks
Joined: Jun 2011
Posts: 2,315
Likes: 53
From: VERNON CT
if someone HITS YOU and THEY ARE AT FAULT there insurance is liable to pay for the damages or if they total the car they will give you "fair market value". just remember tho, if no one is found at fault then you are forced to go thru your own insurance inwhich you would need collision to pay for the repairs. if you do not have it you would be SOL and be paying out of pocket.
ive been thru this. i had a 2002 subaru wrx i had the car for 1 month. i DID NOT have collision. i was driving home from work when i was stopped in the middle of the road waiting for someone to make a left hand turn when a truck smashed into me doing 50mph. totaled my car but i was able to drive it home. there insurance paid my car off and paid all the medical bills for me and my passenger.
just remember if you are ever in a accident YOU MUST have a police report it is the only SOLID evidence that the event even took place. just exchanging info is stupid and never works. its far to easy to lie and say the event didn't take place or it wasn't you.
comprehensive covers if you hit anyone or do any property damage, however it will not pay for damage done to your own car. collision is for when you are at fault in a accident. it protects you from being sued and covers repairs to your own vehicle when you are at fault.
Last edited by StealthFRC; Jan 15, 2013 at 01:20 PM.
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Drifting
Joined: Nov 2011
Posts: 1,377
Likes: 41
From: Chesterfield (St. Louis) MO
Not true. Comprehensive doesn't cover that scenario, liability insurance does. Collision would pay for damage done to your own car (provided you have it).
Thread Starter
Le Mans Master
Joined: Jun 2002
Posts: 5,037
Likes: 846
From: Rotonda West, FL 2015 Z51 M7 3LT
Oldtimer
That's what I thought too. The local person I just called to get a quote from that my dealer recommended said she didn't know what she was talking about. Not in those words but....
Burning Brakes
Joined: Oct 2011
Posts: 993
Likes: 480
From: Roseville MI
Don't mean to throw a monkey wrench into this subject but, blanket statements can get people into trouble. Comprehensive was commonly called, fire and theft, but has since grown to cover other things. Collision covered your vehicle damage from an acciden no matter who was at fault or if the other driver's insurance would or did not pay. The monkey wrench, my state, Michigan, is a no fault state and if you are in an accident, at fault or not, YOUR OWN insurance covers the loss. No collision, no payment. You can sue but usually the other guy has little or nothing to give so you still lose and now you have an attorny fee to deal with.
Scott
Scott
Tech Contributor
Joined: Aug 1999
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From: Should this thoughtful, valuable contribution meet with no acknowledgement or 'thanks' this post----
Don't mean to throw a monkey wrench into this subject but, blanket statements can get people into trouble. Comprehensive was commonly called, fire and theft, but has since grown to cover other things. Collision covered your vehicle damage from an acciden no matter who was at fault or if the other driver's insurance would or did not pay. The monkey wrench, my state, Michigan, is a no fault state and if you are in an accident, at fault or not, YOUR OWN insurance covers the loss. No collision, no payment. You can sue but usually the other guy has little or nothing to give so you still lose and now you have an attorny fee to deal with.
Scott
Scott
Melting Slicks
Joined: Jun 2011
Posts: 2,315
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From: VERNON CT
Melting Slicks
Joined: Mar 2008
Posts: 2,962
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From: Richmond, Ky
Agreed, it's the only bet you hope to lose - you pay money to the insurance company, and you hope you're not in a situation where you need to collect. My tip is to get uninsured coverage as well - you'd be surprised how many people are tottling around the roads with no insurace (or crappy insurance).
Racer
Joined: Dec 2012
Posts: 260
Likes: 1
From: Cape Coral FL
NCM Insurance question
Do you have this company as your insurer for a Corvette? I ran annual premium at $500 deductibles and the preliminary quote was less than about 1/3 of what I currently pay. What experience do you have with NCM? Sounds really good if the company is good. I don't mean to threadjack - just amazed.
Contact Adam Boca or Bobbie Jo Lee @ NCM INSURANCE They'll set you straight and with great rates. 
Race Director
Joined: Aug 1999
Posts: 11,122
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From: SE Pennsylvania
St. Jude Donor '03 thru '26
Oldtimer
Best Insurance buy I could find . . .
Contact Adam Boca or Bobbie Jo Lee @ NCM INSURANCE They'll set you straight and with great rates.
Call Adam. He has the best insurance products around and he's more than glad to explain anything about Car insurance. And I couldn't find a more flexible and annual allowed distance per year. 
Melting Slicks
Joined: Mar 2008
Posts: 2,453
Likes: 347
From: SC
Note: the above applies in NJ (the insurance rip off capital of the world)...
Le Mans Master
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From: Oviedo Florida
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Contact Adam Boca or Bobbie Jo Lee @ NCM INSURANCE They'll set you straight and with great rates.