The phrase “full coverage auto insurance” is a bit misleading.Why? Because in the car insurance business, it doesn’t actually exist. And, if you ask insurers to try to define what constitutes “full coverage,” you’d get differing answers.But, let’s take a closer look at this topic, anyway.
WHAT IS FULL COVERAGE INSURANCE?
Again, there isn’t a single answer to this question.
Some car insurance agents say this coverage refers to the physical damage combination of collision and comprehensive insurance, along with enough bodily injuryand property damage liability insurance to meet your state requirements.
AUTO INSURANCE TERMS
Auto insurance terms can be confusing. So, just to briefly review, here’s what the following main types of protection cover:
Bodily Injury: Medical-related expenses you caused to others.
Property Damage: Cost to repair or replace other’s property (such as a car).
Collision: Damages incurred by your vehicle in an auto accident.
Comprehensive: Expenses due to theft, vandalism, glass breakage, and related matters to your car that weren’t caused by an auto accident.
- Underinsured motorist coverage (bodily injury and property damage).
- Uninsured motorist coverage (bodily injury and property damage).
- Medical payments/personal injury protection (PIP) coverage.
- Loan/lease payoff coverage.
- Roadside assistance coverage.