Full Coverage Insurance and Your Auto Accident Injury
What auto insurance protection have you really purchased? The answer is uncertain because there is no standard definition for “full coverage.” In fact, the term itself is misleading, as no auto insurance policy will protect you against every conceivable loss.
Nonetheless, if you ask someone what type of auto insurance coverage they have the answer you will receive more often than not is that they have œfull coverage. I tend to believe that some agents refer to any policy they sell as “full coverage.”
In some instances, the so-called full coverage auto insurance policy may simply provide the minimum liability limits required by state law. In other instances, usually when the car has a lien on it, œfull coverage provides the minimum liability limits plus insurance that covers damage to the policy holder’s vehicle.
Types of Auto Accident Insurance Policies
The following are brief descriptions of the most common types of automobile insurance coverage. These descriptions are meant to provide general information so that you can ask for more detailed information from your agent when considering which types of coverage to purchase:
Liability: This is insurance that protects you in the event that you are at fault in an accident that injures someone else or damages someone else’s property. The policy limits specify the maximum amounts the insurance company will have to pay on your behalf. Damages above the policy limits are your personal responsibility.
Collision: This type of coverage will cover damage to your vehicle caused by a collision with another vehicle, or collisions with an object, or if your vehicle is in a rollover.
Comprehensive: Covers loss or damage to your vehicle caused by certain types of risks other than collision with other vehicles, such as fire, vandalism or theft.
Uninsured Motorist: This type of coverage pays for damages suffered by you (or other covered persons) when the accident was caused by someone who did not have liability insurance, or had an insufficient amount of coverage. Uninsured motorist coverage is perhaps the most important type of auto coverage you can purchase. Unfortunately, it is also the coverage that is most frequently omitted from so called full coverage policies. If you don’t know whether your auto policy includes uninsured motorist coverage, I encourage you to contact your insurance company today and ask.
Other types of coverage you may want to consider include medical payments coverage, rental reimbursement and roadside assistance. Also, I encourage you to ask your insurance agent to fully explain the different limits that are available for the different types of coverage. You will likely find that the difference in cost for higher limits is not as much as you thought.
The Morris Bart personal injury attorneys can help with any questions or conflicts regarding your auto insurance policy. Contact our Louisiana personal injury law firm today!