“Full coverage” is a misleading term utilized by the insurance industry. “Full coverage” includes only liability, comprehensive and collision coverage. It does not include uninsured coverage, under insured coverage, medical payments coverage, towing, or rental reimbursement; all things that everyone really needs, and are generally relatively inexpensive to add to your coverage. Having only “full coverage” can leave you with thousands of dollars in unpaid bills. While you can change your coverage after an automobile collision, the change will not apply retroactively.
In addition to having the right coverage, you need to review your exclusions. This means reading the fine print! Does your insurance cover items that are in your vehicle? Glass? Do not assume that it does. Insurance companies save millions each year by excluding these items within the policy language.
Do not wait until you need your automobile insurance coverage to make sure that you have what you need. It’s a painful lesson that you do not want to learn the hard way.