Loss insurance for comprehensive coverage is an optional add-on to a standard auto insurance policy that provides coverage for losses that are not covered by collision or liability insurance. This type of insurance can provide peace of mind for drivers who are concerned about losing their vehicle due to theft, vandalism, or other covered events.
Comprehensive coverage can be especially important for drivers who live in areas with high rates of crime or who park their vehicles in public places. It can also be beneficial for drivers who have financed their vehicles, as the lender may require them to carry comprehensive coverage.