Does All Risk Insurance Replace All Vehicle Losses? Here's the Explanation

RADENPEDIA.COM -   All risk insurance replaces all vehicle loss/damage? The following is the explanation. What all-risk car insurance covers is often a question for prospective customers or vehicle owners. The definition of all-risk car insurance is a type of car insurance policy that provides compensation if the insured customer's car experiences minor to severe damage due to an accident. This type of car insurance is also called comprehensive because the protection provided is comprehensive or covers almost all risks that can occur in the vehicle. Read Also:  Getting to Know All Risk Car Insurance and the Difference with TLO, What is the Best Product? This means that repair costs from minor damage such as scratches or dents to serious damage due to an accident to the point where it cannot be driven again, even loss due to theft can be covered by all risk insurance. This is what causes the premium value of all risk car insurance to be more expensive when compared to TLO (Total Lo