Options are abound when it comes to your Virginia auto insurance policy. While liability coverage and uninsured/underinsured motorist coverage are required by state law, other coverage options are just that—optional.
For example, Other Than Collision coverage (sometimes referred to as comprehensive coverage) covers your vehicle from losses such as fire, theft, wind, hail, lighting, vandalism, and if you hit a animal (or an animal hits you!).
Coverage is paid up to the Actual Cash Value of your vehicle at the time of loss minus your policy deductible. Don’t know how your vehicle is worth? A good starting place are reputable services, such as KBB.
Other Than Collision coverage is typically less expensive than Collision coverage. And depending on the value of your vehicle, you may which to keep Other Than Collision on your policy even if it’s an older vehicle or the loan has been paid off.
It’s important to note that some carriers have restrictions on placing Other Than Collision coverage on specific vehicles, such as:
- The vehicle has a branded or rebuilt title
- Has prior damage
- Is over 20 years old
Always ask your Independent Insurance Agent if coverage is available on your policy.
Serving the Commonwealth of Virginia For Over 50 Years!
Working with our Family of Independent Agents constitutes a promise, from our family to yours. We are here to educate you on how to keep covered and secured, no matter what the future may hold.
Our family of Independent Agents will find the best package for your needs. We represent multiple insurance providers and we work for you!