We all know how the law mandates that every driver take out insurance, which is typically for their own protection as well. The law, however, does not mandate that drivers take out full coverage car insurance, which is already considered additional coverage. Still, it really pays know the basics of additional coverage because you never know when this might come in handy.
Bodily injury liability coverage is a perk that is very handy when the insured driver is the one at fault. Interestingly, this is the one particular area where a lot of drivers spend the bulk of their money or their insurance budget. This can be attributed to the fact that the entailed expenses can skyrocket for any driver involved. These expenses include ambulance service, legal fees, medical treatment, funeral costs, loss of income, and more. More than that, these expenses can be long-term. If these expenses are not covered by your auto insurance policy, then your assets could be the next target. Thus, if you are considering getting full coverage car insurance, then you might want to look into this particular perk.
Property damage liability coverage, on the other hand, looks into the damages caused by the insured driver to both personal and real property that doesn’t belong to the driver insured. Property here can very well include vehicles. This inclusion alone is highly indicative of how important it is to look into property damage liability coverage when considering getting full coverage car insurance.
Another perk to look into is collision coverage. This perk is all about providing coverage for the insured driver’s car during a vehicular accident. With collision coverage, the insurance company then shoulders the payment for the vehicle involved, especially during cases when the vehicle itself has been totaled or has been deemed beyond repairable. Related to this would be comprehensive coverage, which provides protection when uncontrollable incidents lead to damage or loss of your vehicle, such as fire, flood, vandalism, or perhaps, hitting a wild animal.
Lastly, uninsured/under-insured motorist coverage pertains to whatever expenses that the driver at fault would have to pay you, as the victim in a hypothetical vehicular accident. Case in point: you’re driving well under the speed limit when another car collides with you. You then discover that the driver at fault does not have insurance or sufficient insurance to compensate for the damages he has caused. Uninsured/under-insured motorist coverage would then take care of these expenses for you.
Now that you know the basics of full coverage car insurance, you can feel confident enough about choosing which particular perk or perks you would want to take on for yourself.