|Collision and Comprehensive coverage can be purchased as part of any personal or commercial car insurance policy. You are not "required" to buy either coverage however if you owe money on the vehicle or are leasing it, the lender or leasing company will require that you carry both coverages.|
Collision covers repairing the damage to your vehicle in the event you are involved in an accident. The insurance company will repair the damage to your vehicle, above any deductible amount, subject to a maximum of the book value of the car. If the damage equals or exceeds the book value of the vehicle at the time of the accident, the insurance company can declare your vehicle "totaled" and simply pay you the book value less your deductible. If your car is old, the book value of your vehicle may be low. I would encourage you to check the car's value and consider the deductible and the cost of purchasing collision insurance to decide whether it is worthwhile to add this coverage.
Comprehensive coverage includes protection against fire, theft and vandalism. It also will pay for glass replacement should your windshield become damaged. Comprehensive is often less expensive than collision and since it covers windshield replacement, it may be a good idea to carry this coverage even on older vehicles. Oddly, an accident involving an animal is actually covered under the comprehensive coverage and is not considered a "collision".
If you have any questions about either of these important coverages for your Massachusetts auto insurance, please do not hesitate to contact a Mid-State Insurance Agency representative. We would be happy to find an individualized solution that works best for you!
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