What It Is: “Loss & Damage” coverage in auto insurance specifically addresses the potential physical harm or theft of your vehicle. This can encompass damage from accidents, vandalism, or even natural events.
The Story: Imagine you’ve parked your car outside a cafe. You’re enjoying a coffee inside when a sudden hailstorm begins. You watch, dismayed, as hailstones dent your car’s hood and shatter a window. When the storm subsides, you’re left with a severely damaged vehicle. With “Loss & Damage” coverage, your insurance can come to the rescue, covering the costs of repairs or even a replacement, ensuring you’re not burdened with unforeseen expenses.
Last modified: October 31, 2023
