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.
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