comprehensive insurance

  

Definition

Widest form of auto insurance protection that (in case of a collision, fire, or theft) covers the (1) insured driver and vehicle, (2) third-party driver and vehicle, and (3) third-party property. Premium is computed usually on the engine size and value of the vehicle, its intended use, and the age and driving record of the driver. Also called comprehensive cover or fully comprehensive insurance.

Use this term in a sentence

  • If you want to be covered in all areas you should try to get a comprehensive insurance so that you don't have to worry.

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  • If your company wants to be fully protected it should get a good comprehensive insurance that covers every possible scenario.

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  • Billy lives in a high accident rate area and it would be to his best interest to carry comprehensive insurance for his brand new car.

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