So, You Say You Have "Full Coverage" — Well, You Don't.

Let me make this clear: there is no such thing as full coverage. It’s really that simple.

What types of coverage is there? There’s first-party coverages, such as comprehensive, collision, medical payments, and underinsured and uninsured motorist. Then there’s third-party coverages such as property damage and bodily injury. And then there are other coverages, such as rental and towing.

But there’s no such thing as “full coverage.” Yet it is amazing how many people use this term.

Some people who say that they have “full coverage” really just have comprehensive, collision, property damage and bodily injury. They don’t have uninsured motorist, rental or any of the other little coverages that can make a difference. Or, they have all of the coverages, but in amounts that are so low that they have no meaningful protection.

Do not assume your coverage is sufficient. Spend some time with an insurance professional and make sure you really have sufficient coverage, especially if you think you have “full coverage,” ’cause you don’t.