Loss insurance for auto comprehensive coverage is an optional add-on to a standard auto insurance policy. It provides coverage for damage to or theft of your vehicle in situations where collision or comprehensive coverage does not apply. Loss insurance covers a range of events, including vandalism, fire, theft, and natural disasters.
Loss insurance is important because it can provide financial protection in the event of a covered loss. For example, if your car is stolen, loss insurance can help you to replace your vehicle or pay for repairs. Loss insurance can also provide coverage for personal belongings that are stolen from your car.