Legal Advice

Explanation Of Full Coverage And What It Means If You Have UM

Full coverage is a phrase that is commonly used to describe insurance policies. It covers a series of liability coverages as well as includes the option for collision, comprehensive insurance, and more. Full coverage isn’t actual coverage it will not pay for the full cost of an accident. It’s a term that’s commonly used by many finance companies to explain the main combination of coverages that you can access under your insurance policy.

Full Coverage Is Made Up Of

Collision coverage can cover your car for collisions like when you hit an object or if you run into another vehicle.

Comprehensive coverage will cover your car for items that are not involved in collisions. If your car is stolen or if it catches fire, this selection of insurance will provide coverage.

Liability coverage will cover the expenses of the other people involved in the accident. This can protect you financially if there is extensive damage to the other vehicles involved in an accident that was determined to be your fault. Liability coverage can also handle the cost of medical bills for others.

Full Coverage With UM

If you opt to receive UM as part of your coverage, you can manage one of the larger gaps in your insurance policy. Uninsured or underinsured motorist coverages are designed to help protect you and your vehicle if you are involved in an accident or somebody doesn’t have insurance or enough insurance to cover the overall costs of your vehicle.

Making sure that you have access to this type of insurance will extend your full coverage and make sure that you can prepare for any possibility while you are sorting out an accident. With full coverage and this type of coverage, you can prepare accordingly for an accident where someone does not carry the proper insurance.

This post was written by Wendy Doyle-Palumbo. Wendy is a New Port Richey Car Accident Lawyer at Wendy Doyle-Palumbo, Esq. Wendy has over 25 years of experience practicing law and has won several cases in helping those get the compensation that they deserve!

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