What a Full Coverage Insurance Policy Does Not Cover
A Full Coverage insurance policy covers the damage you do to others and your property damage too. It also covers damage to your car if you’re the cause of a collision and when you’re a victim of theft, natural disasters, or others. Full coverage covers the amounts that are appropriate for your income, assets, and risk profile.
What doesn’t a full coverage insurance policy cover?
You may think that you have everything covered when you hear “Full Coverage” but this doesn’t mean the insurance company will pay for everything. Full coverage insurance won’t pay if you intentionally damage your vehicle or if you use your car for racing or speed contests. Also, it doesn’t cover you when you are using your car for delivery purposes or business use (there is an insurance policy for that too).
Remember it doesn’t cover everything so you might want to consider adding these coverages to your Insurance.
- Roadside Assistance: This is very useful when you need to fix a flat or need to tow your vehicle.
- Uninsured Motorist Insurance: This policy covers all the damages caused by someone who can’t afford to pay.
- Aftermarket Equipment Coverage: If you are planning or already have added extras to your car (electronics, radios, screens, expensive wheels, add-ons) you may want to add this policy.
- Gap Insurance: This is important to have if you buy a new car. This coverage helps you pay off your auto loan if your car is totaled when you still owe more than it’s worth.
- Rental Car Coverage: This policy covers expenses in case of an accident while using a rental.
Insurance nowadays is very important and in most states even mandatory. The costs for Full Coverage Insurance depends on your age, location, driving record, the type of car you drive, and your policy limits. If you have any questions here at Aseguranza de Auto we’d be happy to help and guide you.