When shopping for car insurance, it is common for consumers to ask about “full coverage.” However, although this term is often used by both insurance agents and consumers, full coverage car insurance doesn’t actually exist. Nonetheless, it is possible to obtain a higher-than-normal amount of insurance coverage by making specific choices when you buy your policies.
What Does “Full Coverage Mean?”
When someone talks about full coverage car insurance, he or she is usually referring to the maximum amount of coverage available, which usually consists of all available policies with the highest limits. Some of the specific types of coverage that may be included when someone requests full coverage are:
Comprehensive coverage – Comprehensive insurance is a specific type of coverage designed to apply to damage that doesn’t occur as a result of a collision. For example, comprehensive coverage may apply if your car is damaged by hail or fire.
Collision coverage – Collision insurance will typically apply when your vehicle is damaged during a collision, even if you caused the accident.
Liability coverage – Liability insurance is typically required by state law and will cover injuries and/or damage you cause when operating your vehicle.
Uninsured/underinsured motorist coverage – This type of policy will cover expenses when someone else causes damage or injury but does not have the proper liability insurance coverage.
Limitations and Exclusions
It is important to note that there are always limitations and exclusions on every type of car insurance you purchase. The limitations listed on the policy tell you the maximum amount the policy will pay for different types of claims. The exclusions listed on the policy tell you which incidents will not be covered. Reviewing both limitations and exclusions carefully before purchasing a policy is essential.
How to Get Full Coverage
It is not possible to purchase a policy called “full coverage,” nor is it possible to purchase car insurance policies that will cover every possible scenario. However, you can maximize your coverage by making the right choices when you buy car insurance. Some of the ways to increase your coverage level include:
- Purchasing policies with high limits. – When purchasing any insurance coverage, purchasing the option that offers the highest limit will offer you the highest level of protection available.
- Purchasing all policies available. – Another way to increase your coverage is to purchase all the different options your insurance agent presents, including comprehensive insurance, collision insurance, liability coverage, and any other policies available.
- Purchasing umbrella insurance. – Umbrella insurance provides you with extra coverage that kicks in when your existing liability policy is tapped out. This can be especially useful if you have valuable assets to protect and are concerned about the possibility of a large liability claim.
If you are interested in buying car insurance that offers the greatest level of coverage possible, the best thing you can do is talk to an experienced insurance agent. Please contact Luxor Insurance today to discuss your specific needs and explore your coverage options.