So you have “full coverage”, and that’s good enough – right? While it sounds like the broad and inclusive coverage you need, are you sure that you are actually protected against the real threats you face as a driver? You may be surprised to find that “full coverage” is a great thought, but it doesn’t even exist.
Actually, the term “Full Coverage Car Insurance” is a bit of a misnomer as there is no such thing as “Full Coverage Insurance.”. Full coverage implies that everything will be covered 100% for any circumstance. The fact is, there is no insurance company that makes this promise. Continue reading to learn what full coverage auto insurance actually entails and whether it is providing the protection you need.
The Limitations of ‘Full Coverage’
The insurance industry is full of confusing, and sometimes misleading terms. If you have full coverage, it does not mean that you carry the maximum amount of insurance available to you. Instead, it generally means that you have both collision and comprehensive coverage, in addition to your liability coverage on your policy. In layman’s terms, that means your insurance company will pay to repair or replace your car if it is damaged, lost, or stolen. Overall, having both collision and comprehensive is important for protecting the investment you have made in your vehicle, but it is not inclusive of all your coverage needs.
Technically, you could maintain ‘full coverage’ auto insurance and still be tremendously underinsured. Imagine thinking that you were fully covered after causing a major accident, only to find out your liability limits will not come close to covering the lost wages, medical bills, and property damage expenses incurred by your victims. If you are sued, you may be legally responsible for paying these costs out of your own pocket or future wages.
Furthermore, consider that Arizona has some of the lowest liability requirements in the nation. If your vehicle were to be struck by a driver carrying only the minimum, or worse – no insurance at all, you want the security of knowing your own insurance company will be there to fill in the gaps.
Coverage to Protect Your Future
For you, having the right auto insurance is about more than protecting your vehicle in a crash; it’s about protecting your lifestyle. You have worked hard to create the life you have come to enjoy. Why risk losing it because of inadequate car insurance coverage? At Imes Insurance Associates, we help our clients evaluate their independent risk exposure and find coverage that lines up with their needs and goals. By providing you with proper coverage limits, we can help protect your assets both now and in the future.
We believe that auto insurance is a highly personal purchase. Our goal is to provide our clients with a broad range of insurance that includes full coverage, as well as other necessary personal protections. Examples include:
- Maximum Liability Protection
- Uninsured/Underinsured Motorist
- Personal Injury Protection or Medical Payments Coverage
- Emergency Assistance
- Rental Car Reimbursement
- Towing and Labor
- Custom Parts and Equipment Coverage
- Umbrella Coverage
If you are in search of well-defined auto insurance that includes full coverage and other protections that minimize your family’s risk exposure, contact the risk management team here at Imes Insurance Associates for an evaluation. We help Arizona area drivers find the coverage they need to protect their vehicles, income, and assets against the unknown. Call us today for your free quote. We look forward to serving you soon.