One of the most coveted forms of insurance coverage is full insurance coverage. Often. full insurance coverage as requested or required by vehicle companies for rental, purchasing or lease purposes. Such coverage is usually much more expensive as compared to all other forms of insurance coverage and is said to go the extra mile as compared to simple liability coverage. This article will discuss why full coverage may actually be a misrepresentation when it comes to car accident cases.
When you think of full insurance coverage you likely assume that it means other areas have been considered with regards to damages and monetary payouts in the event of an accident happening. As a result of covering so many issues it justifiably runs into the hundreds of dollars for monthly premium payments. Unfortunately, even with such high costs being paid, full coverage does not encompass the entirety of injury or vehicle damages that may be sustained in a car accident.
The idea of full coverage is not an insurance policy in itself, rather they explain a concept that provides assistance through different coverages with protection in case certain issues arise. As such full coverage handles liability in a varying number of ways, comprehensive and collision. When an individual is at fault in an accident, liability helps in paying out for damages that include injury and property destruction. Comprehensive and collision coverage assist in the repair or replacement of a vehicle. However, comprehensive and collision coverage do not have to be used only when there is an accident. And while these packages provide protection for a number of instances, they do not encompass everything necessary. As a result, the term full coverage is misleading.
It is likely now that you ask what is not covered in full coverage? Firstly, it is important that you know what each package includes when it comes to what is considered as full coverage. It must be noted though that medical is not necessarily included in full coverage and may require an additional cost. This is an important aspect in car accidents as both the driver and passenger must be covered no matter who is responsible for the accident. Further, it is an important element especially when health insurance benefits have been exceeded.
Another element that may not be covered in full coverage is roadside assistance in the event of unforeseen emergencies. Such coverage helps with flat tires, engine problems and similar instances. Some vehicles need customized parts such as tires, electrical systems and other equipment required for the car to run. When a policy for roadside assistance is covered these specialized parts are paid for by the insurance. One other aspect that may not be covered in full coverage is gap coverage; this is important when a person’s vehicle has been totaled and is still being leased or paid for. Thus, gap coverage helps in paying off the vehicle in such instances.
Therefore, it is correct to say that full coverage does not really provide full coverage. If you do not have enough insurance to cover your injury and damages you will need legal representation, for this contact a car accident lawyer group.