Okay, so a term you may have heard thrown around when it comes to car insurance is “full coverage”. But if you’re a skeptical person (or you just think that sounds too good to be true) you might be raising your eyebrows and putting your hands on your hips. So…let’s break this down.
Is full coverage really a thing?
Well, when people refer to “full coverage”, they usually mean that you have many different coverages that work together to protect yourself from the various risks of car ownership/driving.
That means you might have…
- Bodily injury liability – Helps cover the other driver’s medical expenses if you’re at fault in an accident
- Property damage liability – Helps repair/replace the other driver’s car if you’re at fault in an accident
- Collision coverage – Can repair your car if you’re in an accident or hit something
- Comprehensive coverage – Can repair your car if it’s damaged by something other than an accident (i.e. fire, vandalism, falling objects, theft, animal strike)
- Underinsured/Underinsured motorist coverage – Can protect you if you’re hit by a driver without enough insurance or without any insurance
- Medical payments – Can help cover your medical bills and those of your passengers if you’re in an accident
- Rental reimbursement – Can help cover the cost of a rental car if you’re in an accident and your vehicle needs to go to the shop
All of these coverages work together to protect you when you’re driving, but of course, not every single thing that could happen is covered. That’s why “full coverage” is a bit confusing – and a bit, well, misleading. You really have to read through your policy to make sure you know what losses are covered and which aren’t. But if you have the right coverages, which act like a team to protect you, you can protect yourself from a lot of risk.
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