Full Coverage: The Heart-Eyes Emoji of Insurance
When you think of what auto insurance is supposed to do, you’re thinking of full coverage. The term “full coverage” refers to having both liability coverage and physical damage coverage on your vehicle. While I’ll get more into what those are in a moment, the gist of it is this: your state requires you to have insurance that covers damage that you cause to others in an accident, or liability coverage, while coverage to your own vehicle is physical damage (you usually hear it referred to as “comp and collision”). [Read more…]