If you’re shopping for car insurance, you may have heard the term full coverage insurance. Contrary to what you may think, it doesn’t refer to a single type of insurance. Instead, it refers to a combination of insurance coverages that provide you with the most complete protection in situations involving your vehicle. Here’s what you need to know about full coverage car insurance.
Liability Insurance Nova Scotians must purchase liability insurance to legally drive on public roads. This insurance covers any damage you may cause to other people or their vehicles in an accident. Many people choose to go with the minimum amount of coverage, which for car insurance in Nova Scotia is $500,000. Although this may seem like a lot, a major accident involving multiple vehicles and injuries can quickly exhaust this amount, leaving you on the hook for the remainder. However, if you have high-risk driving habits, you may want to consider paying a higher premium to cover a larger amount, like $750,000 or $1,000,000. If you get into an accident, this could prevent you from owing tens or even hundreds of thousands of dollars. Collision and Comprehensive Insurance Collision and comprehensive insurance cover damage to your own vehicle. Collision insurance helps cover the cost of repairing or replacing your vehicle, whereas comprehensive insurance covers various other types of damage, including theft, vandalism and hail. If you’re leasing or making payments on your vehicle, you may be required to purchase both types of insurance. However, if you own your car outright, you can choose to spend the extra money. Additionally, these insurances have a deductible, which can vary depending on your premium. Therefore, it doesn’t make sense to buy them for older cars in poor condition. Other Insurance Full coverage car insurance can also include rental reimbursement coverage, which pays for the cost of a rental car while yours is being repaired or replaced. Additionally, personal injury protection pays for your medical expenses if you're involved in an accident in which you’re at fault. If either of these situations concerns you, you may want to consider adding this additional coverage to your policy to give you the peace of mind you deserve. Trusted Insurance Broker in Nova Scotia Whether you’re looking for cheap high-risk insurance or want full coverage protection, the team at Eisenhauer Insurance Inc. in Nova Scotia has the car insurance products you need. We also offer life, home, tenant and business insurance. We’ve been helping people with their insurance needs since 1980 and have earned an A+ rating from the Better Business Bureau. Contact us today to find out how we can help protect you and your family.