"Does my insurance cover damage to my car caused from a storm, i.e. an uprooted tree, a limb falling, lightning strike, etc.?"Unfortunately for most, this question is asked after the matter. But, for the lucky ones who have not yet experienced this fiasco, here is a good rule that you should know about your auto insurance policy.
Yes, your policy has the ABILITY to cover damage to your vehicle caused by acts of God. However, that does not mean that all policies cover this. The coverage is called "comprehensive coverage" and it will repair your car after any natural disaster causes damage to it. Typically, this coverage comes with a deductible of up to $1,000, but you can opt out of that.
Seems simple enough, right? Now, here is the problem that I usually run into. Comprehensive coverage is considered an endorsement, meaning it is not covered under standard auto insurance. However, it can be added to any policy - it just increases the premium a little bit. The increase in premium makes sense, because the company is offering more coverage and they are taking more risk of paying for a car repair. I find that some people do not want to pay this increase in premium, so they opt out of the coverage altogether.
There is another option, though. If you add the comprehensive coverage to your policy, but increase the deductible, the premium will not increase as much. For example, if you increase your deductible to $1,000, that is $1,000 less that your auto insurance company will have to pay to repair your car. If the damages are $5,000, you still have to pay $1,000 out of pocket, but that is much better than having to pay $5,000 out of pocket for repairs. So, you see, there can be some negotiation available with the coverage.
Unfortunately for Florida, the storms are not over. We receive wind and rain year round. If you would like to cover your vehicle for any natural disasters, or if you have any questions about your auto insurance coverages or ways that you can lower your premium, please give Fearnow Insurance a call at 813.689.8878 or email at firstname.lastname@example.org.
Written by Kelly Jones