Full Coverage? You mean Physical Damage?

One of the most common questions customers ask is, "Do I have full coverage on my auto policy?" This is a difficult question to answer. “Full coverage” is not the best term to use when asking for physical damage on your vehicle. Understanding this part of your auto insurance policy can help you make informed decisions about protecting your investment.
Physical damage coverage refers to the portions of your auto policy that pay to repair or replace your vehicle when it is damaged. It typically consists of two coverages:
Collision Coverage
Collision coverage helps pay for damage to your vehicle if you're involved in an accident with another vehicle or object. For example, if you accidentally back into a pole or are involved in a traffic accident, collision coverage can help cover repair costs after your deductible is applied.
Comprehensive Coverage
Comprehensive coverage protects your vehicle from many non-collision losses, including:

1. Vandalism
2. Hail and wind damage
3. Falling objects
4. Fire
5. Animal collisions (such as hitting a deer)

Like collision coverage, comprehensive coverage is usually subject to a deductible.
Do You Need Physical Damage Coverage?
If you have a loan or lease on your vehicle, your lender will likely require both collision and comprehensive coverage. Even if your vehicle is paid off, physical damage coverage can provide valuable financial protection against unexpected repair or replacement costs.
Conclusion
Knowing the correct terms when talking about your insurance makes a huge difference in ensuring you are properly covered! Imagine someone telling you that your policy is “full coverage” when there is no physical damage listed on your policy. Physical damage coverage helps protect one of your most valuable assets—your vehicle. While liability coverage protects you from damages you cause to others, physical damage coverage helps protect your own car. 
If you have questions about your current auto insurance coverage, reach out to your local insurance professional to review your options and ensure your vehicle is properly protected.