I have written about this before, but it came up again, so I thought I would review it with you. What is full coverage on an auto policy?
Beats me. Yep, I do not know the answer. Neither do you and neither does anyone else who tells you that they have “full coverage.” Why? Because it does not exist.
Let’s review: you have first party coverages such as comprehensive and collision. You have third party coverages such as property damage and bodily injury. You have some other coverages, such as rental and towing. But, I have never seen a box called “full coverage.”
It is amazing that people use this term. Some people who tell me that they have “full coverage” really just have comprehensive, collision, property damage and bodily injury. They don’t have uninsured motorist or rental or any of the other little coverages that can make a difference. Or, they have all of the coverages but in amounts that are so low that they have no protection at all.
Remember, full coverage does not exist. Spend 10 minutes this week reviewing your insurance declarations page and learn what coverages you have. Then, when someone asks you, you will have the right answer!