subject: Auto Insurance-What is Full Coverage? [print this page] I am a Houston Farmers auto insurance agentI am a Houston Farmers auto insurance agent. I often talk to people that use the term "balanced" to describe their auto coverage. I interpret this to mean that they have a certain amount of liability insurance and comprehensive coverage for their car. Sometimes people think it means "the complete coverage protects me from everything". That is not right!
The liability part of an auto policy covers injury to another person orDamage to their vehicle. (Refer to your policy or representative for complete figures) In my state, Texas, the minimum required by law or infringes 20/40/15 $ 20,000 for one injured person, U.S. $ 40,000 to more than one person per accident and $ 15,000 USD for damage to other persons car. If you were to take these minimum coverage and to add coverage for your vehicle, some say that they had full coverage. If it's lost a serious accident and the injuries and wages by $ 300,000, this would give customersresponsible for the payment of $ 260,000 from their property to pay the claim. Probably do not believe at this point, the customer, as they have full coverage! My opinion is that the liability under a policy is very important. Talk to your agent for advice and always check the maximum coverage available and not the required minimum. You should also consider, perhaps more an umbrella policy to limit to a higher level, which increases to a car policy for disposal.
Itis important enough to protect the liability of the assets of complaints, and protect your assets from future judgments, which are prosecuted from an injury. Moreover, it is important to be able to be able to cover your moral responsibility to "make it right" when you hurt somebody! How would you feel if someone you love is seriously injured and the driver has only 20,000 U.S. dollars to provide a solution. You do not want to be the one that has only $ 20K, ifYou hurt someone.
A so-called "coverage" could also not be missed insured motorist coverage, personal injury protection, towing and road service, rental car reimbursement coverage gap, and much more.
