What is Full Coverage? Understanding your Car and Auto Insurance Policy

 

Do you know what the term "full Coverage" actually means when it comes to your Car or Auto Insurance policy? 
The truth is that "full Coverage" is a very loose term that does not have an exact definition. Insurance companies do not offer a full Coverage option for you to pick. The term full coverage is generally associated with comprehensive coverage and collision coverage but can be interpreted many ways.

State Minimum Requirements

Every state in the U.S. has the ability to set its own state minimum requirements for auto insurance. In the State of Florida, The state minimum requirements include 10,000 per person and 20,000 per accident for bodily injury liability and 10,000 in Personal Injury Protection.

Comprehensive
Physical damage for all the things that can happen to your vehicle other than a collision is covered by comprehensive coverage. Full coverage cannot be possible without comprehensive coverage.

Collision
The collision is the coverage that gives you the broadest coverage and is always included in full coverage auto insurance. Collision coverage ensures your vehicle will be covered regardless of what causes the damage. Collision covers damage for all accidents and since collision cannot be purchased without comprehensive coverage anything other than an accident will still be covered.

Additional Coverage that is not necessarily included with Full Coverage 
Towing
Car Rental Coverage
Uninsured Motorist

To be sure you are fully protected from every scenario it is a good idea to talk with your agent and ask him to explain what your policy covers and what optional coverages are available.

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