The Reason “Full Coverage” May Not Mean Fully Covered

Understanding A Car Insurance Liability Policy

Car insurance is one of those things you typically don’t think about until you need it.  But, when the need arises, you better hope you have it and that you have enough of it.


Clients oftentimes tell us they tell us they have “full coverage”.  Well, do they know what that means?  Do you know what that means?  We have learned the concept of “full coverage” is open to interpretation.


Automobile liability insurance policies come in all shapes, sizes and amounts.  A lot of people believe if they have liability insurance they are “fully covered”.  While this may be true, from the standpoint of having an insurance policy with collision, liability, property damage, medical, etc., the amount of coverage may be another factor for you to think about.


The minimum amount of automobile liability insurance available for purchase varies from state-to-state.  The minimum amount of coverage available for purchase in Tennessee is likely different than a neighboring state.


If you are involved in a car accident, and you are at fault, you want to ensure you have enough liability insurance coverage available to protect you (and this means you, your assets, your family, your bank accounts, your property, and everything else you have worked for).  Having too little automobile liability insurance coverage may put all of these things, and people, at risk and in financial jeopardy.  While you may be “fully covered,” the real question is, do you have enough coverage?


This is not an article to push the sale of insurance.  We are attorneys; we do not sell insurance.  However, Parkerson Santel litigates hundreds of insurance defense cases each year.  We see cases with too little coverage and those who have enough to put their mind at ease.


So, think about it.  Are you really “fully covered”?  If you were involved in a motor vehicle accident today, and the accident was your fault, do you have enough automobile liability insurance coverage to put your mind at ease?


This blog is made available by Parkerson Santel, PLLC for educational purposes only as well as to provide general information and a general overview of the law, not provide specific legal advice. By using this blog and website, you understand that there is no attorney-client relationship between you and Parkerson Santel, PLLC. This blog and website should not be used as a substitute for competent legal advice from a licensed attorney in your state.

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