Did Your Agent Just Use the Term “Full Coverage”?
If you’ve heard the term “full coverage” to describe your auto policy, you may be confused. And rightfully so. Learn why it’s best for both agents and those shopping for policies to use the specific policy names when describing the types of coverage.
What Is Full Coverage?
Full coverage, while commonly used to describe a comprehensive and collision coverage policy, isn’t an actual type of policy that you can purchase. The term can refer to different types of policies, which can cause confusion and potentially leave you underinsured.
What Terms Should You Use Instead?
When referring to auto coverages, it’s best to use their actual names to avoid any potential confusion. Here’s a list of common auto coverages:
Using these specific coverage names can help all involved parties know what type of coverage they have or are buying, leaving no room for misinterpretation or confusion.
Need to Buy Coverage?
If you need to buy auto coverage, we’re here to help. Contact the team of agents at Augustine Insurance & Financial Services Inc. to get started today.
Comprehensive coverage helps cover your vehicle for losses resulting from incidents other than collision. This coverage is generally not required by a state, but a lender may insist that you carry it until you have paid off your loan.
Collision coverage helps cover damage to your car when your car hits, or is hit by, another vehicle or other object. This coverage is generally not required by a state, but if you have a loan or a lease the lien holder will often require it.
Liability coverage helps pay for your legal responsibility to others for bodily injury or property damage. Most states require car owners to purchase a minimum of bodily injury and property damage liability insurance.
Medical payments (MP) or personal injury protection (PIP) is no-fault coverage that helps provide medical expenses to you and your passengers injured in an accident.
You may also be interested in…