What happens if you collide with another vehicle at an intersection, and there is a dispute over who was at fault? Who pays for the damages to your vehicle? What if you hit a patch of black ice one winter morning and skid into two other vehicles? Would insurance pay the necessary costs to repair your vehicle?
Scenarios like these happen to otherwise ‘good’ drivers every day. Those who make it through without financial hardship are often the ones who took steps to prepare for such losses ahead of time. Instead of saving enough cash to replace your vehicle after an accident, try investing in full coverage auto insurance that covers repairs or replacement if you ever need to file a claim. Continue reading at Philleo.com to learn more about full coverage auto insurance and why it could be right for you.
The term “Full Coverage Car Insurance” is somewhat confusing as there is no such thing as “Full Coverage Insurance”. The term “Full coverage” implies that everything will be covered in all cases, while in fact, no insurance company ever makes this promise.
What is commonly referred to as full coverage auto insurance is a combination of collision and comprehensive protection, in addition to your liability coverage. Together, these two types of insurance protect the investment you have made in your personal vehicle. Whether you own a brand new luxury car, or a used sedan, chances are you spent a lot of money on the vehicle you drive. It helps to know it is covered no matter what comes your way.
Why Nearly Every Wisconsin Driver Needs Full Coverage
On paper, you may be the perfect driver – no wrecks, no traffic violations, a great credit score, and years of driving experience. Though you may seem very low risk, disaster can strike unexpectedly and without notice. In fact, you can sustain losses that are no fault of your own and still find yourself responsible for footing the bill. The odds are that you will need to file a collision related claim at least once every 18 years. That does not take into account other damages caused by natural disasters and events outside your control. In nearly every case, it makes sense to maintain full coverage auto insurance whether your vehicle is brand new or very used.
If you are on the fence about full coverage protection, ask yourself the following questions:
- How much money would it cost to buy a vehicle to replace your existing vehicle?
- Are you willing to part with thousands of hard-earned dollars in order to repair or replace your vehicle after an accident?
- Would you rather pay a $250 deductible or a $8,500 repair bill?
- Do you have a lender who requires you to carry full coverage protection?
At Philleo Agency, we never want our customers to pay for more coverage than they actually need. Many people wonder if it is ever okay to drop full coverage. Though opinions vary, we like to put it like this: If your annual premiums for collision and comprehensive total are starting to creep up to the actual value of your vehicle, full coverage may not be a wise choice. However, if your vehicle is worth more than you are able or willing to pay out of your own pocket to replace it, you should consider keeping it.
Don’t take chances with the coverage you need. Just because full coverage is optional does not mean you should overlook it. At Philleo Agency Insurance, we help Brookfield Wisconsin drivers better understand the benefits of full coverage. We can help you shop and compare rates from multiple carriers to find the protection you need at a price you can afford. For more information or to request your free quote, contact our office. We look forward to serving you soon.