The most common auto insurance myths and misconceptions

Myth 4: Your insurance will cover you if your car is stolen, vandalized or damaged by falling tree limbs, hail, flood, or fire

This myth depends on what kind of coverage you have. If you only have liability coverage, which is the minimum required by law in most states, then you are out of luck. Liability coverage only pays for the damages you cause to others in an accident, not for your own car. To protect your car from theft, vandalism or natural disasters, you need comprehensive coverage, which is optional and costs extra. Comprehensive coverage pays for the damages to your car caused by anything other than a collision.

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