What is a full insurance coverage policy?

There are four main parts to a full coverage insurance policy and you need to know the insurance company is charging you a separate premium or high fee for each and every part. The four primary parts of a full coverage insurance policy are liability coverage, medical payment coverage, comprehensive coverage, and the uninsured motorists policy. When you buy an insurance policy you don't have to have all four things you can have one, or you can have two. Your chosen amount of protection will determine what the insurance company will pay for when you have an accident, but you also have to pay attention to the state requirements for car insurance coverage. In Mississippi all vehicles must at least be covered with liability insurance. Car insurance coverage in Mississippi must provide a minimum of $10,000 for injury liability for one person in an accident, $20,000 for all injuries in an accident, and $5,000 for property damage in an accident.

Liability coverage means that if you're in a car accident and it's your fault, your liability coverage will pay the other person for their injuries up to the amount of your coverage. This coverage also pays for accidental bodily injury and property damages to others. Injury damages include medical expenses, pain and suffering and lost wages. Property damage includes damaged property and automobiles. This coverage also pays defense and court costs.

Medical payment coverage will cover you or anyone in your car at the time of the car wreck for medical bills up to the amount of your coverage whether you're at fault or not. Fault is not in question as far as medical pay is concerned

Comprehensive coverage will pay your property damage minus a deductible, or amount that you will pay out of pocket and that again makes no determination of fault you can be at fault for a car accident and still make a comprehensive claim. This coverage also pays for loss or damage to the insured vehicle that doesn't occur in an auto accident. The types of damages comprehensive insurance covers include loss caused by fire, wind, hail, flood, vandalism or theft.

And the fourth part to the insurance policy is the uninsured motorists policy and coverage. Uninsured motorists policies pay your car's damages when an auto accident is caused by a driver who doesn't have liability insurance. This policy can be very complex, please see the following video for an in depth explanation of the uninsured motorists policy.