4 full Coverage Auto Insurance questions Answered
Full coverage auto insurance 4 Full Coverage Auto Insurance Questions Answered from the first step your insurance company will help guide you through the process. Full coverage auto insurance He now researches and blogs about full coverage auto insurance with the consumer in mind.
The phrase full coverage auto insurance is frequently misused by people everywhere. you may have heard this term from family members, friends or even people in the insurance industry that you have had contact with. However, actual full coverage car insurance does not technically exist. but, even though it may not exist, you need to know what people mean when they are using the phrase ?full coverage auto insurance?.
What is full coverage auto insurance How Does Full Coverage Auto Insurance Work and Should You Buy It? What does full coverage auto insurance cover?With full coverage auto insurance you are covered against any of the following incidents: property damage and bodily injuries caused by a collision regardless of fault; property damage and bodily injuries caused to you by an uninsured or under-insured driver; damage to your vehicle caused by vandalism, fire or other natural disaster; and theft of your vehicle. What is full coverage auto insurance Do I need full coverage auto insurance?In short, yes.
An insurance trainer once permanently placed the phrase ?there?s no such thing as full coverage insurance? over and over again in my head. Still, even though I knew this information, I discovered that this term was being said by consumers everywhere.
The Auto n Sports Blog What is the minimum for full coverage auto insurance? Full coverage insurance auto you are required to carry ?collision coverage?, which means that even if you banged up the car (i. Full coverage insurance auto your fault) the car will still get fixed (or someone will pay for the damages, so the bank who loan you money for the car will have SOME recourse in case something happens).
The information that you are about to read is to help answer the questions you may have about what full coverage auto insurance is not, what it is, if you really need it and how do you use it.
Liability insurance coverage Liability Insurance and Full Coverage ? What Are The Differences between the two It?s very important to learn the distinctions relating to the various coverage so you don?t find yourself either spending more than needed in insurance premium or get yourself a car insurance policy that does not provide satisfactory protection. Liability insurance coverage both of them are at the extreme ends of a car insurance policy.
Answer one: What ?full Coverage? is Not
Understand Coverage before Looking For Auto Insurance Online Auto coverage insurance This is the extent to which your insurance company will pay for the damage caused to you and your car and if the damage exceeds the agreed level, you will be responsible to pay for the rest. Auto coverage insurance Liability insuranceLiability coverage is the most basic form of insurance and is required by almost all states.
Full coverage auto insurance implies that it is coverage for anything and everything that can happen to your vehicle without any more money paid out by you. There is no insurance coverage in the world that meets this definition.
First, you have a deductible that you have to pay if there is damage to your vehicle. Your deductible could be 00 or it could be as low as . no matter the amount of the deductible, this is money that you have to pay out of your own funds to fix damages to your vehicle.
Full coverage auto insurance also does not cover damages to your vehicle if you damage your vehicle on purpose. This actually extends to all insurance coverage that is provided by any company. if you do damage intentionally, your insurance coverage is null and void.
So, if you are having the wonderful scheme of rolling your old junker off the side of a cliff for the insurance money, it is guaranteed to fail. The only thing you may be guaranteed is fines and possibly some jail time.
Answer two: What ?full Coverage? Is
Full coverage auto insurance is technically just when you have both liability insurance coverage and also insurance coverage for your own vehicle. The coverage for the damages that may be caused to your vehicle are called comprehensive and collision coverage.
Collision coverage is for any damages that happen to your vehicle in the case that you cause an accident. In other words, if you were to run a stop sign and hit someone, the collision coverage is what pays for that damaged fender on your vehicle (after you pay your deductible).
The comprehensive coverage is for other types of damages such as animal related damages. For something to be covered under comprehensive coverage, the damages to your vehicle cannot be any fault of yours.
As an example, if you get a broken windshield from a rock that hits your vehicle when you are driving your comprehensive coverage is what would get the windshield replaced.
Answer Three: is ?full Coverage? Needed
No, full coverage auto insurance is not required to be in place on your vehicle to be able to drive. Only liability insurance is required by the states so that you can drive.
Full coverage is only ever mandatory if you have a car loan. then the comprehensive and collision coverage is required to be on your vehicle by the bank that holds your car loan. They do this to protect their investment as your vehicle is the collateral that is put up for your loan.
Is full coverage needed? In most cases the answer is, yes.
If you can?t afford to repair your vehicle in the case of an accident yourself then you need to have the ?full coverage? so your vehicle can be repaired.
Answer Four: how you use ?full Coverage?
Even if full coverage auto insurance is on your policy, one hopes that it will never have to be used. if you find yourself with damages to your vehicle from an accident that you have caused or from something like a tree falling, you need to contact your insurance company.
Call them from the scene of the accident or go to your agent?s office and report what has happened to your vehicle. Contacting your insurance company is the initial step in how you use your full coverage auto insurance. From the first step your insurance company will help walk you through the process.
about the Author
Todd Clay was an agent for the largest insurance company in the United States. He now researches and blogs about full coverage auto insurance with the consumer in mind. Check out the latest customer reviews, rates by state, or grab a few auto insurance quotes in 5 minutes at: CarInsuranceGuidebook.com
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