When I ask the majority of my clients if they have full tort insurance coverage, the number one I answer I receive is, “yes, I full coverage car insurance.” Later, when I look at the client’s car insurance policy, I find at that they have full comprehensive auto insurance coverage but are not fully insured. Full comprehensive auto insurance is much different than being fully insured. Being fully insured means that you have full tort auto insurance coverage. In contrast, comprehensive auto insurance coverage refers to coverage for damage to your car, motorcycle or truck that does not involve a car accident or truck accident. Damage stemming from such things as fire, theft, flood and vandalism are covered by comprehensive auto insurance coverage.
In comparison, having full tort auto insurance coverage permits you and your family members to seek compensation for personal injuries sustained in a car accident from the at fault driver. With limited tort auto insurance coverage you give up your right to receive compensation for personal injuries in a car accident from the at fault driver. In most car accidents, the primary compensation that an injured person is entitled to receive is for the pain and suffering that they have had to endure as a result of the car accident. The only benefit of a limited tort auto insurance policy is that it is less expensive than purchasing a full tort auto insurance policy. However, limited tort insurance policies are typically only a one hundred or two hundred dollars less expensive than a full tort insurance policy. It is also important to understand that your tort selection on your auto insurance policy also limits the compensation members of your family can receive in the event that they sustain personal injuries in a car or truck accident.
The worst time to find out that you are not “fully insured” with full tort auto insurance coverage is after an accident, so I recommend that you take a look at your auto insurance policy today to see if you are truly “fully insured.” If you have questions about your auto insurance policy, please feel free to contact our office today for a free consultation and review of your auto insurance policy.