What is comp auto insurance?
Comp, also referred to as comprehensive auto insurance coverage,
is a form of coverage that is designed to pay to repair or replace
your vehicle in certain situations. Covered scenarios that
comprehensive auto insurance would pay include: theft, vandalism,
fire, explosion, hail damage, wind damage, or hitting a live
animal. The insurance company will pay up to the fair market value
of your vehicle for repairs or replacing the vehicle. You will be
responsible for paying your comprehensive deductible before the
insurance company will payout.