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What is Considered Full Coverage Auto Insurance
November 29, 2019
What do people typically “count” as “full coverage”?
Let’s start with establishing the following: There is really no such thing as “full coverage” with any type of insurance. Even so, the phrase is used repeatedly within the realm of auto insurance.
The more valuable question is What do people typically “count” as “full coverage”?
Many times the phrase refers to an auto policy that includes all of the state required coverages plus:
By way of advice, if an insurance agent is utilizing the words “full coverage”, you are wise to be skeptical.
First… even if you purchased EVERY auto insurance coverage part available and then added all of the enhancements that an insurance company may provide, there are still losses that will not be provided coverage.
Auto insurance coverage parts that are available in New York State (and many other states) include:
- Bodily Injury Liability
- Property Damage Liability
- Uninsured Motorist coverage
- Underinsured Motorist coverage
- Personal Injury Protection
- Medical Payments coverage
- Comprehensive
- Collision
- Rental Reimbursement
- Towing and Labor
- GAP coverage
- Numerous other enhancement endorsements.
It’s not uncommon for some to reference “full coverage” as just the coverage parts in bold above. See how disconnected the term can be from what is actually available?
It is best for anyone considering their options with auto insurance to completely disassociate themselves from the term “full coverage”, instead, do your homework and partner with an agent who knows their stuff.
You can find them quite easily: Find the Best Insurance Agent for You
Wait… on the other hand, try this:
Here’s a quickie interview for determining who you should use as an auto insurance agent.
- Ask the question “Is there such a thing as full coverage in auto insurance?” If their answer is “yes”, move on. If the answer is “no”, you may have a person who can help you make good choices and transfer your risks of loss.
Would you like to discuss pricing for different limits and coverages? And, their appropriateness for your situation? We here for you. Please feel welcome to call us at 607-324-7500, or request a quote online at
This article may have been originally published at Quora.com.
To see Jeff's Quora.com profile click here.
“Am I covered if I drive someone else’s car?” Or, “Am I covered if someone else drives mine?”
Many don’t realize that the insurance industry is one of the country's most regulated business segments, especially in New York State. The New York State Department of Financial Services (NYS DFS) wields significant control over the insurance business and has a stated goal of protecting consumers.
Most property insurance companies offer Actual Cash Value or Replacement Cost settlement options. Typically, insurance companies will require that you insure the property to the settlement value you choose. If you select Actual Cash Value, the amount you may be required to insure the property for will be less than the corresponding Replacement Value.
In that spirit, the Ryan Agency is sponsoring a Stearns BBQ Dinner pickup at our office on 57 Broadway Mall in Hornell on September 12th from 3:00 PM to 4:30 PM.
Today, an individual’s credit history can play a more significant role than any one of those traditional factors. Good Credit Scores lead to a Positive Insurance score. A good Insurance Score greatly influences what someone will pay to insure their vehicles.
Insurance companies offer various discounts for which their policyholders may qualify.
Great Eight number Six (6) suggests taking a look at removing Comprehensive and Collision on Older Vehicles.
By reducing the number of claims in your insurance history, you can significantly affect your rates in the future.
Sometimes, this concept meets with resistance from policyholders. The thought of paying more in the event of a claim is off-putting to some. Even if that means I pay more for my insurance.
OK. Admittedly, this strategy doesn't benefit everyone, but it can be very beneficial for those it does. You may have unique home or auto insurance needs that prevent you from bundling with the same company. Alternatively… you might have a better rate without the bundle discount by splitting up your insurance between multiple carriers.
