Does your auto insurance policy provide full coverage? It depends. Because when it comes to auto policies, “full coverage” is a bit of a misnomer. The term generally applies to a policy with liability, comprehensive, and collision coverages—which together provide significant protection. But full coverage might not include all the protection you need. Several types of coverage fall outside that common definition.
Also, don’t assume that you’ll never have to fork over any of your own money, or that you’ll always have enough coverage to pay for all compensation demands. If you purchase collision and comprehensive (commonly considered part of full coverage), your chosen limits and deductibles are still in play. Selection of liability limits is always an important decision, as well.
So what’s a car owner to do? First, peruse the list of coverages below to see what’s available. Then pull out your policy declarations page to be sure you understand your coverage. Contact your agent if you have any questions.