Who Needs Full Coverage Insurance, And What Does It Entail?

​Third-party liability, collision, and comprehensive coverage are all rolled into one affordable policy with full coverage insurance. Having that additional safety net could be important in a serious accident. Full coverage auto insurance may pay for the other driver's medical bills and damaged vehicle if you cause an accident or are injured.

What Does Full Coverage Auto Insurance Entail?
The state's minimum liability coverage may not protect you and your policy's other drivers. Full coverage isn't a policy type but rather three coverages that can create a reliable insurance package for you and your passengers:  

1. Liability Insurance
   This insurance type should pay for the other party's medical bills and property damage if you cause an accident and are at fault. On the other hand, if your liability car insurance is insufficient, you may be held financially responsible for any damages over your coverage.
   
   
2. Collision Insurance
   If you are at fault in an accident, your auto insurance should cover your repairs, but the other driver's car and any injuries should be your responsibility.
   
   
3. Comprehensive Insurance
   Accidents involving things other than cars, like bad weather, theft, fire, and so on, may be covered by your auto insurance policy.

Who Needs Full Coverage Insurance?
Without "first-party" insurance, you'll have to negotiate with the other party's insurer, which can be time-consuming and uncertain. Claiming through another's insurance may result in a denial or a reduced payout. When filing with a different insurer, you may need to prove who caused the accident.

Conclusion
With full coverage auto insurance, your car's value is protected. Collision and comprehensive coverage give your car extra protection in an accident. Full-coverage car insurance protects your vehicle in many situations but cannot guarantee its safety in an accident. Insurance protects you from financial ruin in the event of a car accident.

At Insurance Marketplace, Inc., we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (541) 779-0177. You can also request a free quote by CLICKING HERE. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!