There's no such thing as "Full Coverage"

How many times have you used the words "full coverage" to describe auto insurance. When you purchased your new vehicle, did the car lot, or the bank/credit union tell you that you must carry "full coverage" on it? We all use the term "full coverage", even I have let the phrase slip out a time or two. However; in all actuality there really is no such thing as "full coverage". Some night when you are wide awake, and trying to find a way to fall asleep, read your auto insurance policy. That booklet of legal jargon that makes most peoples head spin in confusion. You will not find the phrase "full coverage" anywhere.

The main problem with the phrase, is that it means different things to different people. To some, when they say "full coverage" they only want the least amount of coverage that is required by law, and by the lending institution. To others, it means they want it all. They want roadside assistance, towing, the absolute lowest deductible, or no deductible if possible, the highest liability limits, etc.

So, when you tell your agent you want "full coverage" he/she should take the time to ask you what that means to you. If they don't, how do you know they have your interests in mind?


Posted Sunday, June 13 2010 3:08 PM

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