Unless it is required by your lender or bank when you are paying off a car loan.
If you are at fault for an accident, this coverage will cover the costs of fixing your car, such as if you hit another car or a stationary object like a mailbox or light pole.
In the event that your vehicle is damaged as a result of something other than a collision with another vehicle or a stationary object, comprehensive coverage will cover the cost of making repairs.
Many policies, for instance, cover vehicle damage caused by fire, hail, flood, falling tree branches, broken glass, hitting an animal, theft, and burglary.
You get better asset protection with higher limits.
You could be required to pay out of pocket and lose your assets if the other driver files a lawsuit against you for damages that exceed your coverage.
