What is a comprehensive insurance policy?

You are mandated to have a third-party insurance policy that will losses or damages caused to the third-party in case of an accident. However, this policy will not be covering the damages faced by you. This is where a lot of policyholders choose to opt for a comprehensive insurance policy since this policy covers not only the third-party but even the policyholder. Leaving out damages and injuries, a comprehensive insurance policy also covers:

  • Fire

  • Vandalism

  • Falling objects

  • Civil disturbances

  • Theft

  • Natural disasters