23 July, 2020

Quora Answer: What is Full Coverage Insurance?

The following is my answer to a Quora question: “What is full coverage insurance called?

Contrary to its name, there is actually no such things as “full coverage insurance”.  No insurance can possibly cover every single contingency.  Normally, when we use the term “full coverage”, it is specific to automobile insurance.  In this case, it refers to your liabilities, in the event of an accident, as well as the cost of repair for damages to your vehicle.  This makes it a category of insurance.  Depending on the coverage you want, the type of vehicle you drive, the region you normally drive in, and your claim history, it is possible to increase your coverage, and include many different riders, provided you have the budget for it.



No comments:

Post a Comment

Thank you for taking the time to share our thoughts. Once approved, your comments will be poster.