So what do you need? It depends on your specific situation.
What Does 'Full Coverage' Mean?
Many think they carry 'full coverage' on their car insurance policy; however, in reality there is no such thing as full coverage auto insurance.
A 'full coverage' policy is typically one that includes comprehensive, collision, and state-required liability or no-fault insurance coverage.
Liability Coverage
Liability pays for the damage you cause to others if your car is involved in an accident. It also protects you from being wiped out financially if you are sued following an accident. The greater your assets, the more you stand to lose. If you have substantial financial resources, you may need liability coverage that exceeds the coverage that you'll get from an auto insurance policy. In that case, a Personal Umbrella can provide the extra liability protection you need.
Collision Coverage
Collision covers damage to your car from an accident. We can help you decide whether or not to carry collision coverage by balancing the cost of collision insurance with the value of your car. It might not be worth paying $200 a year for collision insurance on a car that's worth only $1,000. But if the car is worth $10,000, you probably want this coverage.
Comprehensive Coverage
Comprehensive coverage pays for your car if it is stolen, vandalized or damaged in some way other than in a collision.
Medical coverage
Medical coverage provides for medical expenses to you and your passengers that are the result of an accident. The way you use your car may make a difference in the amount of medical coverage you need. For example, we might suggest more coverage for a parent who regularly takes a carload of kids to soccer practice than for a driver who expects to drive mostly alone.
Keep in mind that many states require certain minimum levels of coverage. We'd be happy to talk with you about these and other factors.
