Is There Such a Thing As “Full Coverage”?

 Words that make me cringe: “I have full coverage.”  I don’t know the origins of this phrase, but I do know that “there is no such thing as full coverage” when it comes to an auto policy!
In California, all any motorist needs to carry is liability coverage of $15,000.  That is it.  As long as you have that, you technically have all you need under the law to drive.  So, what is missing?
Collision Coverage:  This covers your property damage if you get into an accident. If you do not have this coverage and are in an accident that is your fault, or are in an accident with a driver who has no insurance, then you have to pay for your own repairs (or replacement) of your car. “Full coverage” does not have collision coverage.
Uninsured Motorist:  This protects you if you get into an accident with a careless driver and the careless driver has no insurance.  Without this coverage, you may be responsible for your own medical bills (and no pain and suffering), if you get into an accident with an uninsured motorist.  “Full coverage” does not have uninsured motorist coverage.
Med Pay (short for medical payment):  If you have this coverage and get into an accident, then you can use your car insurance for treatment and out-of-pocket expenses, and your rate cannot increase.  “Full coverage” does not have this coverage.
Gap Coverage: This applies to you if you are financing or leasing your car.  If your car is totaled, gap coverage pays the difference between how much your car is worth and how much you owe.  “Full coverage” does not have this coverage.
Best advice I can give you: “never buy insurance online”.  Always go through an agent.
For more information, please call The Mason Law Firm at 661-476-5678 or email mason@mrscvlaw.com.