What Is Full Coverage Auto Insurance?

LAS VEGAS - May 13, 2024 - PRLog -- Adequate auto insurance coverage is important. Not only are all Nevada licensed drivers required by law to carry coverage, but in the event of a collision, your policy is what is standing between you and financial devastation.

The term "full coverage" is one that often gets tossed around by drivers, but it's probably not a term you'll hear from your insurance agent. That's because unlike minimum coverage, which is clearly defined, there is no set standard for what constitutes full coverage. When people talk about full coverage, they're referring to a policy that will cover damage done to the other driver and to you, your vehicle, any towing and rental expenses, pain (medical) and suffering including lost wages (if you are at fault for the accident, of course).

Nevertheless, there really is no such thing as "full coverage". Full coverage is the coverage options the policyholder wants covered. Provided the policyholder understand the coverage they want and are paying for, this could mean full coverage to that policyholder.

How Much Auto Insurance Do You Have to Have?
$25,000/$50,000/$20,000 effective 7/1/2018 and beyond.

What does this mean?
$25,000 for "liability" for the other driver you hit (lost wages, medical bills, pain and suffering)
$50,000 for all passengers, their lost wages, medical bills, pain and suffering
$20,000 for property damage (other guys car or other property)

But what about your car, your medical expenses and pain and suffering? What if the other driver you hit has a $100,000 hospital bill because of the accident you were at fault for?

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Nevada Insurance Enrollment
4260 W. Craig Road suite #150-A
North Las Vegas, NV 89032
(702) 898-0554
Website: NevadaInsuranceEnrollment.com