Full coverage auto insurance is a catch-all term used to describe a policy that includes both optional and legally required coverage. In this way, it’s designed to protect you from liability and to cover any damages your vehicle incurs during a covered event or accident. Here’s a closer look at what being fully covered means and whether you should maximize your protection.
What Does It Cover?
While full coverage policies differ by agency and your individual needs, they’re typically comprised of three categories of protection. First, comprehensive insurance covers the cost of repairs or a replacement vehicle if your car is stolen or damaged by a fallen tree or vandalism. Collision coverage pays for vehicle repairs if you're in a collision with another vehicle—whether or not you’re the at-fault driver—or an object such as a tree or fence.
Finally, liability insurance covers the cost of another party's medical expenses and property damages if you're held accountable for an accident. Bodily injury liability coverage is required by law in every state but Florida, while property damage liability is necessary in all 50 states.
Who Needs Full Coverage Insurance?
Full coverage insurance isn't a legal obligation, but it’s usually required by lenders if you take out an auto loan for the purchase of a new vehicle or if you opt for a lease. Once the loan is paid off, you’ll have the option of retaining full coverage or downgrading. Insurance agents typically recommend full coverage policies to individuals with high-value vehicles, those who travel or commute regularly, and for new and young drivers.
It’s also valuable for individuals in locations with high crime rates, extreme weather conditions, and a higher risk of collision with animals, including mountain towns and woodland areas with higher populations of deer and elk.
Protect yourself when it matters most with a full coverage auto insurance policy from Wilson Insurance Agency in Dalton, GA. Since 1969, their team of skilled insurance agents has provided reliable and affordable policies for your most valued possessions, including auto, homeowners, motorcycle, and RV coverage. Contact them today to request a quote or visit their website to learn more about their services.