- What is full coverage?
- What is liability coverage?
- Does my driving record impact my rates?
- What is rental reimbursement?
- What is roadside assistance?
The term "full coverage" simply means a vehicle has Comprehensive (Other Than Collision) and Collision coverage on a vehicle, along with liability coverage.
Your auto policy has limitations on how much the insurance company is obligated to pay in the event of a claim. Pursuant to O.R.C. 4509.101, you must maintain financial responsibility (insurance) when driving. Liability on a vehicle means your insurance company will pay up to your selected limits when YOU cause an accident.
Be aware that this coverage only pays for the damage you have caused to the opposing party(ies) involved. Without Comprehensive or Collision coverage, this means your vehicle would NOT be covered in an accident that you cause.
Yes, your driving record will impact your rates on your auto insurance premium. Your driving record consists of your Motor Vehicle Report (MVR) and your C.L.U.E. (Comprehensive Loss Underwriting Exchange) report. Your MVR includes any traffic violations on your record within the last 5 years. Your CLUE report includes any accidents or claims you've had in the last 5 years.
Rental Reimbursement is an optional coverage endorsement that can be added to your vehicle(s). Full coverage (comprehensitve and collision coverages) are required in order to add rental reimbursement. This coverage option would provide you with a renal vehicle in the event your vehicle covered on your auto policy is involved in an accident, and needs to be repaired. There are limitations in the amount of money the insurance company will pay to the rental car company, so check with your agent to ensure you have enough coverage to fit your specific needs.
Roadside Assistance is an optional coverage endorsement that can be added to your auto policy, with the exception that full coverage (comprehensive and collision coverage) is also on the selected vehicle(s). This optional coverage endorsement will provide you with assistance if your vehicle becomes disabled. Some covered disablements include flat tires, running out of fuel, jump start, or just simply needing a tow. There are limitations on what the insurance company will pay, so check with your agent for further details as to what coverage options you would have with this endorsement.