It may be law to insure your vehicle, but is it mandatory to have more than liability insurance? In a large majority of cases, liability insurance satisfies your obligation to follow the law BUT does it actually cover you in the event of an accident? When it comes to auto insurance, you want a policy that does more than just satisfy the law. Your coverage needs to protect you.
In this post, we’ll share the difference between full coverage and liability insurance. We’ll also explain why it’s important to have insurance and how the right coverage protects you. If you’re shopping online for auto insurance, buzz on over to BriteBee to find a licensed insurance agent near you.
What Is Liability Insurance?
Liability insurance is the base coverage required by law to operate a vehicle. This typically includes medical and property coverage. As an example, most states require the following coverage:
- $25,000 – Medical (individual)
- $50,000 – Medical (all parties involved)
- $10,000 – Property (damage caused as a result of an accident)
In the event that costs exceed this coverage, you are responsible (out-of-pocket in most cases) for the bills. Take note: liability insurance only covers property damage to others’ property due to the accident. It does not cover damage to your own vehicle.
What Is Full Coverage Insurance?
In the technical sense, there is no such thing as TRULY full coverage insurance. Full coverage isn’t a coverage in itself, but rather a generalization of types of insurance that provide a greater amount of coverage. So called “full coverage insurance” is better described as “more comprehensive insurance,” yet it doesn’t mean you won’t have to pay anything out of pocket if an accident occurs.
What most people refer to as full coverage insurance includes liability; it also includes both comprehensive and collision coverage. This means that should an accident occur, your property is protected. It also means that if your car sustains damage from weather, vandalism, broken glass, or auto theft, you are protected. Individuals should always discuss deductibles and premiums with their insurance agent to get the specifics on how the full coverage policy actually protects them.
What’s The Difference?
As you can see, the coverage between full and liability are different. Full coverage protects you more than liability does when it comes to accidents and other sustained damage. However, the decision is ultimately yours. It’s strongly suggested you get the right full-coverage insurance for your vehicle to protect your property and your life if you should get into an accident.
Why Is The Right Coverage Important?
You may purchase car insurance solely based on price. That is your choice; however, in the event of an accident, liability doesn’t do much to protect you. It’s required by law to protect those involved in the accident if you’re at fault. Furthermore, if you or a loved one were to get injured in a car accident, whether your fault or not, your liability most likely won’t cover the medical bills.
Purchasing the right full coverage auto insurance does more than protect you and your property; it protects you financially, too. Paying out of pocket for medical bills or auto repairs can put a strain on your finances. Don’t go without the best car insurance coverage for you and your vehicle.
If you don’t want to field dozens of calls, hundreds of emails, and a stack of direct mail anymore, check out BriteBee.com today to find an insurance agent dedicated to serving you and your insurance needs. Take back control of your online shopping experience. Take the “sting” out of insurance with BriteBee!