The Full Coverage Myth


The term “Full Coverage” is one we hear often and one that is especially misleading to insurance consumers.  No automobile policy covers every type of loss under all circumstances, even if the policyholder purchased every available option under a particular policy.  To make matters worse, many insurers refer to a policy as having “Full Coverage” if it contains Comprehensive and Collision coverages for the insured’s vehicle only, but the very same policy may be lacking in some critical coverages for the driver and passengers.

It’s important to us to get the word out about automobile insurance because all too often, a prospective client will come to us after having done everything right in terms of purchasing the amount of insurance necessary to drive legally in the state while keeping an affordable rate.  Often, folks who purchased car insurance with the lowest possible premium end up with buyer’s remorse after being hurt in a crash due to someone else’s negligence and realizing they are without important coverages that could have extended to them to help cover their damages in an injury claim under these circumstances.

Medical Payments Coverage and Uninsured/Underinsured Motorist Coverage are the two most important types of benefits to carry on your Colorado Automobile Insurance policy to protect yourself and your family members in the event of a crash resulting in your/their injury due to another driver’s negligence.  The state minimum liability limits in Colorado are not adequate in many circumstances and an insurer is not required to sell you more Uninsured/Underinsured Motorist coverage than you elected to carry in Bodily Injury (BI) coverage.  If you think it is unlikely that you will be the one to cause a crash, consider increasing your BI limits if for no other reason than to allow yourself to carry a higher UM/UIM limit.

Car insurance claims can be a huge inconvenience, especially when trying to navigate the learning curve about types of coverage which may apply to your loss.  Your own insurance company may be selling you short without you even knowing it (like not affording coverages you are entitled to under the law because they know that without a lawyer, you are unlikely to catch them).  Relieve yourself of the burdens of navigating claims and coverages so that you can focus on healing by calling or texting the Colorado Springs Injury Attorneys of Rosenbaum & Wootton, P.C. at 719.634.0102.  You can also request a call or e-mail from us by clicking this link to schedule your FREE INITIAL CONSULTATION.

This entry was posted in BLOG, Colorado Springs, Dealing With The Insurance Company, Insurance Consumer Tips, Motor Vehicle Accident, Personal Injury, PRACTICE AREAS. Bookmark the permalink.

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