You may have heard the term ‘full coverage’ with reference to car insurance, however, technically this isn’t a policy that actually exists. What it’s most likely to refer to is comprehensive car insurance. Read on to find out more.
Types of car insurance available
Third party is the most basic policy, and covers you only for injuries or damage to other people and their property. For example, of you were to be at fault in a crash, your insurance would not pay for any damage to your own vehicle, only that of other people involved.
Third party, fire and theft. As the name suggests, this covers the same as a third party policy, as well as covering your own vehicle for fire and theft. However, it still doesn’t cover you and your vehicle for damage or injury.
Comprehensive provides full cover, which means everything in third party, fire and theft, as well as cover for your own vehicle and yourself. For example, vandalism, damage caused by falling objects, and damage or injury sustained in a crash. Some comprehensive policies also cover driving abroad, windscreen replacement, cover for personal items, trailers, and the cost of a courtesy car should yours be taken in for repair. It doesn’t cover depreciation of the price of your vehicle, wear and tear, damage caused by someone driving without a valid licence, damage caused by drunk or impaired driving, or breakdown.
Which is best for me?
For peace of mind, a fully comprehensive policy is often the wisest choice, as it offers the highest level of protection for you and your car, also covering legal fees and losses incurred in an accident. If you are unsure which policy is right for you and your vehicle, talk to one of your experts today.
