Which type of losses are typically covered under comprehensive insurance?

Prepare for the Manitoba IBAM Fundamentals of Insurance Exam. Use our quiz with multiple-choice questions, each offering hints and explanations. Get set to ace your exam!

Comprehensive insurance is designed to cover a wide range of non-collision-related incidents that can result in damage or loss to a vehicle. Theft of the vehicle is one of the primary events covered by comprehensive insurance policies. This type of coverage protects the policyholder in situations where the vehicle is stolen, ensuring that they can receive compensation for the loss.

In contrast, accidental damage to the vehicle and damage caused by a collision are typically covered under collision insurance. Collision coverage specifically addresses damages resulting from accidents where the insured vehicle hits another object or vehicle.

Injury to another driver is not covered under comprehensive insurance; rather, this falls under liability insurance, which provides coverage for injuries and damages that the policyholder may cause to others in an accident.

Therefore, theft of the vehicle is the correct answer as it is explicitly covered under comprehensive insurance, which focuses on losses not associated with collisions.

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