When it’s time to renew your car insurance policy, you may want to invest in a “full coverage” upgrade. But did you know that there’s no such thing as a “full coverage” policy? When most people refer to this type of policy, they are referencing a combination of coverages that are designed to offer drivers the greatest amount of protection possible. However, without any insurance providers offering a “full coverage” car insurance policy, how does the average person know what to invest? At Integrity Insurance, we’re happy to help our policyholders to tailor-make a policy that is designed to offer the ultimate level of insurance protection at a price that you can afford.
What is “Full Coverage” Auto Insurance?
Most states require that all drivers carry liability insurance coverage before they can legally operate a vehicle. This essential insurance coverage works to help pay for the cost of medical bills and auto repairs for another driver if you are found to be at-fault for an auto accident. The term “full coverage” typically involves an auto insurance policy that includes liability insurance, collision coverage, comprehensive insurance, and any combination of additional coverage options.
What counts as full coverage car insurance for one persona may not align with the needs of another driver. Ideally, if you invest in this type of policy, you will have worked closely with your insurance agent to determine which insurance types and limits that are appropriate to cover your assets, risk profile and budget. However, it is conceivable for a driver to purchase a policy with every possible coverage available as well.
In addition to liability insurance, some of the other coverages that are often included in a “full coverage” policy include:
This helpful insurance coverage option is designed to pay for damages to your vehicle when you are found responsible for an accident. But it does not extend to cover any damages to the other vehicles involved or any related medical bills.
If your vehicle is damaged in another covered event like a severe weather storm, fire, theft or vandalism, comprehensive coverage will pay for repairs or the cost of replacement.
Uninsured Motorist Coverage
Just because most states require drivers to carry liability coverage doesn’t mean that every person behind the wheel has insurance. If you are hit by a driver without any insurance, uninsured motorist coverage will kick-in to pay for your medical expenses and auto repairs.
Underinsured Motorist Coverage
Because each state only requires drivers to invest in a minimum level of insurance coverage, it is possible to be hit by another driver and find that their policy limits are quickly exhausted. This could leave you to have to pay out-of-pocket to cover the remaining damages associated with your accident and injuries. However, underinsured motorist insurance is designed to bridge that gap and prevent you from paying for your own damages in this type of situation.
Being involved in an accident where an underinsured motorist is at fault is never easy, but it is a good reminder that it’s important to pay close attention to the coverage limits in your policy. Depending on your needs, your insurance agent may recommend investing in the highest available liability limits. However, these limits can also be exhausted in a major accident. If that is the case, a personal umbrella policy or endorsement is often strongly encouraged.
Contact Integrity Insurance Today
While there is no one size fits all “full coverage” auto policy available, you can create a comprehensive policy that works perfectly to suit your needs and budget. Ready to tailor-make your car insurance policy? Contact us today for more information, and be sure to request a free quote.