Most insurers no longer offer 'Comprehensive' automobile coverage, the age-old sidekick of 'Collision' coverage. Now, you have the option of 'Collision' coverage and 'Other-Than-Collision' coverage. What's changed and why did it change?
You may have noticed that your automobile insurance policies no longer have 'Comprehensive' coverage shown, and instead, there is now 'Other-Than-Collision' coverage, often shortened to 'OTC'.
The Good News: only the name has changed. The coverage provided in 'Comprehensive' coverage versus the new 'OTC' coverage is identical: they still cover the same things and have the same exclusions.
The Bad News: Both 'Comprehensive' and 'OTC' don't cover everything that could happen. And that's what spurred the name change: the term 'Comprehensive' seems to imply that everything is covered, when, in fact, there are still exclusions in 'Comprehensive' coverage (and its modern equivalent, OTC).
So...nothing, really. This is an industry-wide movement based in trying to be more clear about the intention of the policy. The term 'Comprehensive' was a bit misleading, so now we have the term 'Other-Than-Collision' coverage. It's not sleek and catchy, but it sure is accurate!
Now that you know, go quiz your friends!