Full-coverage car insurance is a comprehensive policy that combines liability coverage and physical damage coverage to provide financial protection in the event of an accident or unexpected events.
Full coverage usually entails both collision and comprehensive coverage, which covers damages to your vehicle and coverage for uninsured or underinsured motorists.
A Fort Lauderdale car accident lawyer can help you understand what car insurance full coverage is in your case by reviewing your insurance policy. They can also help you file a claim and seek fair compensation for your losses.
Understanding Full Coverage Insurance
Full coverage insurance is often misunderstood as a type of insurance policy, but it’s actually a combination of various coverage types. It isn’t a one-size-fits-all solution. After an accident, a Fort Lauderdale personal injury lawyer can review your policy to determine what coverage applies.
More people choose The Schiller Kessler Group because they know that we’re a cut above other personal injury law firms.
Types of Coverage Included in Full Coverage Car Insurance
When you opt for full-coverage car insurance, you get an exhaustive package that includes two primary types of coverage: liability coverage and physical damage coverage.
These components work together to protect you, your vehicle, and others in the event of an accident or other incident. By understanding what’s included in each type of coverage, you’ll be better equipped to make informed decisions about your insurance needs.
Liability Coverage Options
You have two primary liability coverage options to ponder: bodily injury liability and property damage liability. Bodily injury liability coverage pays for medical expenses, lost wages, and other related costs when you injure someone else. This can include hospital bills, rehabilitation, and even funeral expenses.
On the other hand, property damage liability coverage reimburses others for damages to their property, such as vehicles, buildings, or fences. This coverage can also pay for legal fees if you’re sued.
When selecting liability coverage limits, consider your financial situation and the value of your assets. Higher coverage limits provide greater protection, but they also increase your premium.
Physical Damage Coverage
Full coverage car insurance typically includes physical damage coverage, which protects your vehicle from damage or loss. This coverage helps you repair or replace your vehicle if it’s damaged in an accident, stolen, or vandalized.
With physical damage coverage, you can have peace of mind knowing that you’re financially protected in case something happens to your vehicle.
Physical damage coverage typically includes the following types of coverage:
- Collision coverage covers damages to your vehicle if you’re involved in an accident, regardless of who’s at fault.
- Comprehensive coverage covers damages to your vehicle caused by non-collision events, such as theft, vandalism, fire, or natural disasters.
- Glass repair or replacement coverage: This refers to the cost of repairing or replacing your windshield or other glass components of your vehicle.
- Loan/lease gap coverage: This covers the difference between your vehicle’s actual cash value and the amount you still owe on your loan or lease.
What Is Collision Coverage?
Collision coverage is a type of car insurance that pays for repairs or replacement of your vehicle if it’s damaged in an accident, regardless of who’s at fault. This coverage is optional, but without it, you’d have to pay out of pocket for repairs or replacements, which can be financially devastating.
- It‘s not the same as liability coverage, Which only pays for damages to other people or property, not your vehicle.
- You‘ll need to pay a deductible: Before your insurance kicks in, you’ll need to pay a deductible, which can range from $250 to $1,000 or more.
- It’s optional but recommended: If you finance or lease your vehicle, your lender may require collision coverage.
- It can provide peace of mind: With collision coverage, you’ll have financial protection in case of an accident, which can be a huge relief.
How It Works
Your insurance policy springs into action when you file a claim for collision coverage. You’ll typically start by contacting your insurance provider to report the accident and provide details about what happened.
They’ll guide you through the process and tell you what you need to provide to support your claim. You’ll need to provide evidence of the damage, such as photos or a police report, and your insurance company will assess the damage to determine the cost of repairs.
Comprehensive Coverage Benefits
Thorough coverage benefits kick in when unexpected events occur, such as a tree branch falling on your car or a stray rock shattering your windshield. Wide-ranging coverage helps you prepare for life’s uncertainties, providing financial protection against damages or losses that aren’t related to a collision. This type of coverage is usually optional, but it helps safeguard your vehicle and protect it from a wide range of risks.
With wide-ranging coverage, you’ll be protected against:
- Natural disasters: Floods, hurricanes, tornadoes, and wildfires can cause significant damage to your vehicle.
- Theft and vandalism: If your car is stolen or vandalized, wide-ranging coverage will help you cover the costs of repairs or replacement.
- Animal collisions: If you hit an animal while driving, wide-ranging coverage will help you pay for the damages.
- Glass repair: Wide-ranging coverage often includes glass repair or replacement, which can be a significant expense if you don’t have this coverage.
Wide-ranging coverage provides peace of mind, knowing that you’re protected against unexpected events. By investing in this coverage, you can repair or replace your vehicle without breaking the bank.
Remember, accidents can happen to anyone, and having wide-ranging coverage can help you get back on the road quickly and with minimal financial stress.
Liability Coverage Requirements
As a no-fault state, Florida requires personal injury protection (PIP) insurance with a minimum of $10,000 in coverage to pay for your own medical expenses, regardless of fault, and a minimum of $10,000 in property damage liability (PDL)insurance.
However, these minimums may not fully cover damages in a serious accident. If your injuries meet Florida’s serious injury threshold, you could take legal action against the at-fault driver to seek fair compensation for your losses.
We Can Explain More About What Car Insurance Full Coverage Is
If you’re wondering what car insurance full coverage is, you may warrant a legal case against a liable party. A Fort Lauderdale car accident attorney from The Schiller Kessler Group can help. We can file your claim or lawsuit to seek maximum compensation!
Our attorneys have over three decades of experience. To discuss your case during a free, no–obligation consultation, contact The Schiller Kessler Group today.
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