Full coverage refers to a collection of coverages that include liability insurance as well as additional forms of coverage, such as collision insurance, comprehensive insurance, MedPay, and personal injury protection.
In most states, drivers must carry a liability insurance policy that meets the state’s minimum coverage requirements. There are no laws that require drivers to carry full coverage, but lenders often require it as part of a loan agreement. The same may be true for drivers that lease a vehicle.
Full coverage auto insurance includes a combination of liability, collision, and comprehensive policies, which provide enough coverage to protect you in most scenarios that could occur with your vehicle.
If you intend to or already have purchased full coverage, it’s important to read your insurance contract. It will include details about what isn’t covered under a full-coverage policy. You can also speak to your insurance agent to discuss any coverage exclusions.