Pays cost of repairing or replacing owner's car. Fire, Theft, Vandalism, Wind, Flood, Storm, Earthquake, Riots. Important for new or expensive car. Usually not needed for vehicle over 10 years old. Deductible is the out of the pocket cost to the insured.
Higher Deductibles equal lower premiums.
Pays cost of repairing or replacing owner's car when damaged due to an accident. Repair or replacement of any car driven by owner or with owner's permission. Important for new or expensive car. Usually not needed for vehicles over 10 years old or when value of car no longer justifies cost of coverage. Deductible is the out of the pocket cost to the insured.