Many of us have misunderstanding of Full Coverage auto insurance and many consumers drive with the misleading confidence of being fully covered for any circumstance that may occur. This misconception is extremely dangerous and can lead a driver vulnerable to uncovered losses.
The common term ?full coverage? will usually consist of two parts. One is Liability Coverage which consists of damages to others which you are liable for, including bodily injury and/or property damage. Other is Comprehensive and Collision Coverage which is coverage for your vehicle. Comprehensive coverage will cover damages to your vehicle caused by anything other than collision such as theft, fire, etc. Collision will cover damages to your vehicle in case of a collision.
The above two parts compose what is known to many and sold to many as ?full coverage?. What is uncommonly disclosed and often misunderstood by consumers are the risks left uncovered even with full coverage auto insurance.
There is really no such thing as ?full coverage? auto insurance. The best thing to do is to increase the liability coverage to the point where you feel is sufficient. The most vulnerable uncovered risk is liability coverage; therefore, make sure that even if you buy liability coverage only, purchase more than just the state minimum requirements in order to make sure that you do not end up making an expensive mistake.