If you’ve ever attempted to apply for a car loan, you’ve likely heard that you need full coverage. But what is full coverage auto insurance? You can search high and low and you won’t find an auto insurance policy called full coverage. Why? Because full coverage insurance doesn’t exist.
When people speak about full coverage they are usually talking about a combination of coverages that ensure your car is fully protected. Most think of full coverage car insurance as a combination of the following.
- Liability insurance – Required by the state of Tennessee. It covers harm done to the other car in the case of an accident, including both car damage and bodily injury.
- Collision coverage – Compensates for damage done to your car if involved in an accident.
- Comprehensive coverage – Applies to harm done by theft, vandalism, and other damages not resulting from an accident.
These three types of insurance coverages are generally what lenders are talking about when they say you need full coverage. But just incase, you will need to discuss with your specific lender to ensure you are getting the right insurance for you needs.
Additional Auto Insurance Coverages to Consider
If you want to obtain even more protection for your car, there are expanded options available. By adding additional coverages, you don’t leave anything to chance. These types of auto insurance coverages include the following.
- Gap insurance – Often times what you owe on your car and the actual value of the car are not equal. In this instance, gap insurance helps “fill in the gap” by paying the difference.
- Uninsured motorist protection – Though Tennessee requires all drivers to at least have liability insurance, there are still plenty of drivers on the road who choose to take the risk and drive around without insurance coverage. Uninsured motorist protection will cover damage to your vehicle if the car that hits you is uninsured.
- Underinsured motorist protection – Sometimes a car may have insurance but not enough to cover the damage that was caused to your car. With underinsured motorist protection, you are covered for these extra expenses.
- Rental reimbursement – If you experience an accident and are left without a car, rental reimbursement provides you with a rental car while your car is in the shop.
- Emergency road service – Break down on the side of the road? Emergency road service will cover the cost of a tow.
Get Your Car Fully Covered Today
Next time you apply for a car loan, remember this: full coverage auto insurance doesn’t exist, but there are several coverage options that can provide you with the protection you need. They include liability coverage, collision coverage, and comprehensive coverage, as well as a host of additional options.
Looking for a car insurance policy in Nashville, TN? Make sure you go with an affordable option that provides you with full protection. Royce Williams has various insurance coverage options to choose from. Let us help you find the right policy to meet your needs today.
Contact Royce Williams at (615) 356-4800.
