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What Does Full Coverage Auto Insurance Include?

Full coverage auto insurance normally includes additional products and services that may be required above and beyond standard comprehensive and collision insurance. The standard insurance coverage most individuals get because they currently do not own the car title free and clear is comprehensive and collision. This is because the bank which currently holds the title wants to make sure their investment can be paid for should a wreck totals the vehicle. Some consumers however like having full coverage automobile insurance for the additional amenities which can make life easier if there is a severe accident. These extra features may or may not be worth the added expense so thoroughly read all documentation to see if what you're paying for is worth additional premium payments.

The most common type of coverage is comprehensive and collision which covers the basic damage which will normally affect an automobile owner. Collision insurance coverage normally pays to repair or replace the vehicle in circumstances such as rolling an automobile or hitting a stationary object in the road. As the name implies, the automobile has collided with some other object and insurance subsequently pays to have the damage repaired. Comprehensive insurance pays to have the automobile repaired or replaced for all events not related to a collision. Common comprehensive claims normally include theft and natural disaster damage including fire and wind. Comprehensive and collision insurance coverage is almost always required when a vehicle is being financed or leased to protect the underlying asset.

Full coverage may provide additional protection for passengers by covering any medical bills that result in bodily injury sustained from an accident. Uninsured / Underinsured bodily injury coverage may include lost wages, funeral expenses up to a policy limit and medical bills. Full coverage can also include adding additional riders such as Uninsured / Underinsured motorist which is when the other driver is at fault but does not currently have automobile insurance. Additional Medical Payment coverage may also be added to pay for medical bills regardless of which driver may be at fault.

Full coverage auto insurance sometimes includes more convenience related options to make life a little easier for vehicle owners. If you get in an accident and have no other form of transportation it may be beneficial to add Rental Reimbursement coverage. This coverage will pay for a rental vehicle up to a set policy limit while a decision is made about your damaged automobile. Rental reimbursement is a nice addition because it can be acted upon immediately prior to any determination of which driver is at fault. Another optional coverage is Roadside Assistance which is useful during a breakdown because it can be used to tow your vehicle to the closest auto repair shop. This is normally a very inexpensive addition to a full coverage policy which will add nominal cost to your premiums but can pay for itself the very first time you use it.

Full coverage is meant for those individuals who want to ensure they are fully protected from any financial liability in the event of an accident where they are at fault. A common problem regardless of the type of insurance coverage is for motorists to be underinsured simply for lack of foresight. Speak with your auto insurance representative and ask how much it adds to your current insurance premium payment to increase your liability coverage by $100,000 to $200,000. You may discover that the cost is negligible on an annual basis but the additional coverage can prevent a future lawsuit should you be in a serious wreck where you are found at fault. Full coverage auto insurance is not for all consumers but for those individuals with significant assets or an expensive automobile it may make sense to pay more in premiums for this type of additional coverage.