Do You Really Need Full Auto Coverage?
Understanding What Full Coverage Encompasses Full auto coverage is essentially a package combining: · Liability insurance: Covers damages or injuries you cause to others. · Collision insurance: Pays for repairs after a crash, regardless of fault. · Comprehensive insurance: Addresses non-collision losses—such as theft, vandalism, or natural disasters. Think of full coverage as a shield that surrounds your vehicle, ready to absorb the financial shock of almost any mishap. When Full Coverage Makes Sense If your car’s market value exceeds $10,000, you’re likely financing or leasing, or you park on vulnerable streets overnight, full coverage provides peace of mind that a single incident won’t derail your finances. Imagine a colleague whose midday fender-bender leads to a $3,200 repair bill. This is an expense that would have w...