What Is Full Coverage Auto Insurance?

Are you in the process of financing or leasing a vehicle, and wondering if you need full auto insurance coverage? Some lenders may require you to have full coverage auto insurance, which consists of a combination of insurance coverages to help protect the driver of the automobile, their vehicle, as well as any other vehicles that may be involved in an accident. If you are trying to decide on the right auto insurance policy for your situation in San Diego, California, Windfall Insurance Services Inc. is here to help. Continue reading to better understand more about full coverage auto insurance.

Understanding Full Coverage Auto Insurance

Full coverage auto insurance typically includes both collision and comprehensive insurance, which will pay out in the event that your car is damaged, and liability insurance, which will cover the payment of any injuries of another person that you may have been responsible for causing. Full coverage is intended to help protect both you and your vehicle in particular situations, and can be defined as any combination of liability, collision, and comprehension coverage. Some types of insurance coverage may be legally required, while other types may be optional, resulting in unnecessary insurance costs if you continue to pay them. Therefore, you will want to work closely with your insurance agent in order to fully protect both the drivers on your policy and your vehicle, and understand your unique coverage needs. Full coverage auto insurance will help offer the policyholder the best protection, however, it is important to note that the policyholder will still be required to pay a deductible in the event of a car accident, (which is is the total amount of money an insured person needs to pay before the insurance company files a claim).

What Full Coverage Auto Insurance Covers

When full coverage auto insurance is purchased, it generally covers the following:

• Theft of your vehicle or any damages a vehicle sustains during a natural disaster.
• Any damages to your vehicle caused from an accident (up to the full amount of your car’s current value) if the other driver doesn’t have insurance.
• If you are found to be at fault, insurance will cover the current market value of the car minus the deductible amount.
• Medical treatment for you and your passengers if you are hit by an uninsured driver.
• Payment for medical treatment for you and your passengers if you are found to be at fault.

Ensuring That You Are Fully Protected

Full coverage auto insurance is not an official type of policy, but rather a combination of different types of coverage that can be purchased to ensure that you are fully covered while driving. If you want to learn more about full coverage auto insurance in San Diego, California, contact Windfall Insurance Services Inc. today for a consultation.