Loss insurance for auto vehicle theft, often called comprehensive coverage, is an optional insurance policy that financially protects vehicle owners against the loss of their vehicle due to theft. It provides coverage for the vehicle’s value, minus the deductible, in the event that it is stolen and not recovered.
Loss insurance for auto vehicle theft is particularly important in areas with high rates of auto theft. It can provide peace of mind, knowing that you will be financially compensated if your vehicle is stolen. Comprehensive coverage may also include other benefits such as coverage for damage caused by vandalism, fire, or natural disasters.