#full coverage auto insurance
What Is ‘Full Coverage’?
People often talk about having their cars “fully insured.” But for those who don’t really know the ins and outs of auto insurance terminology, exactly what does that mean and what type of coverages should they consider?
While there are many auto insurance options you can choose, there’s really no such thing as “full coverage” for your car.
The good news is that there are a lot of things you can do to make sure you have auto insurance that fits your needs and helps to protect you against a variety of perils that can cause losses. If you are conscientious and want to make sure you have all the types of coverage that are available, here is a list of several of the common auto coverages you may want to consider:
Liability coverage is typically included in all insurance policies, and it protects you from damage you cause to others or to property as a result of an accident for which you are at fault. Typically, the liability coverage in an auto insurance policy will contain three limits: the maximum payment for bodily injury per person, the maximum payable for bodily injury per accident and the maximum payable for property damage.
As you probably already know, if you’re buying insurance, all states require some level of liability coverage. Find out your state’s auto insurance requirements here.
Someone who is looking to obtain auto insurance coverage for their vehicle may want to go beyond the state requirements and buy a policy with higher liability limits. This may increase your premiums, but it will also give you greater coverage in the event of an accident.