Subaru Enthusiasts Car Club of the Sierras - View Single Post

sti deede · 2009-09-15, 05:21 PM

I have found that most major companies won't provide comprehensive coverage if you don't have collision, so if you wish to that comp, you'll have to keep collision.

Lenders generally have a maximum of $1000 deductable that they allow the insured to carry of full coverage. And all lenders require full coverage during the time of the loan. They often receive reports from your insurance company regarding you coverage.

As for myself my deductables are $1000 for collision and $250 for comp. I keep high amounts for the coverages as well. 250/500/100 with 50/100 for uninsured motorist.

I'm not sure where you are in life, but it is important to keep your insurance at a level that protects your assets. That goes beyond auto insurance to home insurance and an umbrella policy. Should your accident or event at your residence occur and it exceeds your coverage, you could be sued the remaining amount. This is where an umbrella policy comes in. It protects your earned income (paychecks), which is what a law suit would go after. I'd recommend that if you have something to protect, that you have these 3 policies in place. Ideally from the same company, so there is no finger pointing should an event occur.

2009-09-15, 05:21 PM	#8
sti deede EJ205 Real Name: Deede Join Date: Jun 2004 Location: Sacramento, CA Posts: 1,789 Car: '96 4runner Class: none.	I have found that most major companies won't provide comprehensive coverage if you don't have collision, so if you wish to that comp, you'll have to keep collision. Lenders generally have a maximum of $1000 deductable that they allow the insured to carry of full coverage. And all lenders require full coverage during the time of the loan. They often receive reports from your insurance company regarding you coverage. As for myself my deductables are $1000 for collision and $250 for comp. I keep high amounts for the coverages as well. 250/500/100 with 50/100 for uninsured motorist. I'm not sure where you are in life, but it is important to keep your insurance at a level that protects your assets. That goes beyond auto insurance to home insurance and an umbrella policy. Should your accident or event at your residence occur and it exceeds your coverage, you could be sued the remaining amount. This is where an umbrella policy comes in. It protects your earned income (paychecks), which is what a law suit would go after. I'd recommend that if you have something to protect, that you have these 3 policies in place. Ideally from the same company, so there is no finger pointing should an event occur.