One of the most important considerations when choosing an auto insurance plan is taking out full coverage or a limited liability insurance plan. Your choice may have a major impact on the cost of your insurance plan as well as what is covered in the event of an accident or another incident.
That’s why we’re going to take a look at limited liability versus full coverage auto plans. However, if you have any questions or need help, you can reach out to QuoteBroker Insurance Services, which serves customers in California.
Limited Liability Insurance Explained
Many states require that drivers carry limited liability insurance, at the very least. This insurance will cover other people should they be injured in a car accident. Limited liability insurance may also cover the cost of property damage, including to another driver’s car.
As the name implies, however, limited liability insurance is “limited.” Generally speaking, limited liability insurance will not cover damage to your own car in the event of an accident. Limited liability insurance may not cover weather damage. If a storm knocks a tree over and it lands on your car, your limited liability insurance may not pay for damages.
In California, drivers must carry limited liability insurance that covers at least $15,000 in injuries to another single person, $30,000 in total injury coverage for all other people, and $5,000 in coverage for property damage.
Full Coverage Insurance
Many drivers opt for full coverage insurance. Not only does it usually cover everything that limited liability insurance covers, it typically provides extra coverage. If your car is damaged in an accident, your insurance company may reimburse you, for example.
You can also purchase coverage to cover your vehicle if it is stolen or damaged during a storm or other weather event. This provides peace of mind and may save you from some costly bills.
California residents can contact QuoteBroker Insurance Services to learn which type of insurance is best for them.
