When your car stops running, so does your daily routine. That's why Esurance offers a slew of vehicle-based coverage options designed to help get your car or truck back on the road after an accident.
This coverage is for all those unpredictable elements that spring up on the road or in your driveway. Comprehensive coverage, also known as "comp" or "other than collision," can help pay for repairs (or replacement, if your car's totaled) after your car's damaged by a natural disaster, vandalism, theft, fire, or a falling tree branch.
Collision coverage, together with comprehensive coverage, is a key component of what's often referred to as "full coverage." While your property damage coverage helps others repair their cars, collision is there to assist you. If you've caused an accident, collision helps to either repair damage or replace damaged parts of your car.
Comprehensive and collision coverages are not state-mandated coverages, but they may be required by a loan or leasing company.
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Emergency roadside service (ERS) coverage
While no one can doubt the importance of collision and comprehensive coverages, none of them spring into action until the car gets to a repair shop. In the meantime, there's still the matter of towing and other roadside service fees, which can rack up in a hurry. This is where emergency roadside service comes in.
ERS (called towing and labor coverage in some states) can be purchased on policies that have comprehensive and collision coverages. It can be a big lift to those marooned by mechanical failure or in need of maintenance like tire changes, gas fill-ups, battery jumps, etc.
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Rental car coverage
This coverage reimburses you for the cost of your rental car if your insured vehicle is in the shop or is unavailable due to an accident. You need to have comprehensive and collision on your policy in order to add rental car coverage. In certain states, Esurance offers CarMatch Rental Coverage®, which covers the rental cost of a vehicle comparable in size and body type to your regular ride.
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Loan/lease gap coverage
We all know that a car's value depreciates over time. But if you financed or leased a vehicle and have an accident that's declared a total loss, you might end up owing more to your financing or leasing company than the car is worth.
This is where loan/lease gap insurance can be a real saver.
Insurers don't determine your actual cash value (ACV) settlement based on what you owe, but rather on what the car is worth just prior to the accident. Let's say you owe $20,000 on your new Mini Cooper, but your car is now only worth about $16,000. If your car is totaled, you might get a settlement check of $16,000 but still owe an additional $4,000 on your loan or lease.
Loan/lease gap insurance (as its name suggests) helps bridge this divide between the ACV and what you still owe.
More on insurance for your loaned or leased car >