When you get a quote for full coverage on your car, what do you think they’re referring to? If you’re like most people, you might think of the metal roof, the windows and the wheels. You might not think about the metal frame that surrounds the whole car.
What is Full Coverage?
Full coverage is a car insurance policy that covers you in the event that your car is damaged or destroyed as a result of an accident. This type of policy usually covers both the cost of repairs and any associated loss of income. If you have full coverage, you’re covered regardless of who was at fault for the accident.
What is a Totaled Car?
When a car is totaled in an accident, the insurance company pays for the entire cost of the car. This means that the car is completely destroyed and is not salvageable.
When is Full Coverage Required?
When a car is totaled, it means the entire vehicle is unusable and must be replaced. If you are the driver of the car, full coverage may be required to cover your losses. There are a few things to keep in mind when determining whether or not full coverage is warranted. First, make sure you have been properly insured on your car before the accident. Second, determine whether or not your policy covers total loss. Finally, determine what your coverage limits are.
How Much Does Full Coverage Cost?
Full coverage can cost a lot of money, depending on the type of coverage you need. You might be wondering how much full coverage costs. The average price for comprehensive car insurance is about $1,500 per year.
Conclusion
If you have a totaled car and the insurance company says full coverage will cover the damage, that’s great news! However, if you’re not sure whether or not full coverage will include your totaled car, it’s always a good idea to ask. Most companies will honor their policy even if the vehicle is totalled.