Many drivers understand that they must carry liability coverage to drive, but you may wonder if full coverage is also a necessity. At Larry Burkman Agency in Huntsville, AL, we provide full coverage car insurance and can help clarify any questions you may have.
What is Full Coverage?
First, it helps to understand what "full coverage" really entails. It includes collision and comprehensive coverage.
Collision coverage pays to repair or replace your vehicle if it’s damaged in an accident. On the other hand, comprehensive coverage covers incidents that don’t occur on the road, such as vandalism or storm damage.
Who Is Required to Have Full Coverage?
While full coverage isn’t a legal requirement, most lenders will necessitate you to have it if you’ve taken a loan to buy your vehicle. This protects their interests in case your vehicle gets damaged.
Value of the Vehicle
Full coverage is an excellent choice if your vehicle is new or high-value. The financial loss could be substantial if your vehicle is damaged in an accident and you aren’t adequately covered.
Your Financial Situation
Additionally, your financial situation plays a role in determining whether full coverage is a good fit for you. Consider whether you could afford to replace your vehicle if it’s totaled. Full coverage can provide the peace of mind you need if the answer is no.
Do You Rely on Your Vehicle?
If you have multiple vehicles, losing one to an accident might not disrupt your day-to-day life too much. If, on the other hand, you only have one vehicle, you should definitely consider full coverage. If your vehicle is damaged or stolen, full coverage can give you the funds you need to get a replacement quickly.
Auto Insurance at Larry Burkman Agency
If you need auto insurance in Huntsville, AL, please contact Larry Burkman Agency. Our agents are here to discuss your coverage needs and help you find a policy that fits your unique circumstances.
