The First Day of Christmans From an Insurance Point of View

Farmington New Mexico Auto Insurance“On the first day of Christmas my true love gave to me… a partridge in a pear tree”
This will be a fun and unique twist on that olde Christmas Carole.: The Twelve Days Of Christmas Style. Now, I know how excited you can get when it comes to so I’ll have to ask that you please control yourselves and remain seated (can you hear the sarcasm in my voice?), but seriously this can be a fun learning experience for all of us, and at the end of each day you’ll be encouraged to: call your agent.
Today is the first day of Christmas and you know who just made its appearance on your front door; yes, the partridge in a pear tree. The unfortunate part is that this is an insurance Carole and so that beautiful pear tree was felled by a gust of wind and when through your front porch and landed on your band new Volkswagen. Yes, I know: insurance Caroles are pretty tragic.
All of this damage can be covered by your insurance, but is it really? And which policy? The answer to the second questions is that the porch should be covered under your standard homeowner’s insurance policy; both the broad and special forms (we’ll get deeper into that on day three) cover falling objects. Meanwhile the Volkswagen could have coverage provided for it by your auto policy. I say that it could have because the damage caused by our holiday pear tree would be covered by comprehensive coverage, but this is not always included on the policy. Comprehensive coverage will always be accompanied by a deductible and that deductible could range anywhere from one hundred to one thousand dollars per occurrence.
Some insurance companies will not provide either comprehensive or collision coverage on any vehicle that is more than twenty years old. Additionally, some insurance companies require that collision be purchased on any vehicle that carries comprehensive coverage. Underwriting restrictions will vary from company to company.
Sometime people will refer to the combination of comprehensive and collision as “full coverage”. I hate this term. There is nothing “full” about just having comprehensive and collision coverage. It does not include a whole host of value coverage: liability, uninsured motorist, medical payments, roadside assistance, and rental reimbursement. You will never see the term full coverage on any policy documents – it doesn’t exist.
Ask your insurance agent if you have comprehensive coverage on your policy, and by all means please make sure that your homeowner’s policy is in force this Christmas season.


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