If you’ve been shopping for auto insurance, you may have come across the terms “limited liability” and “full coverage,” which is sometimes called comprehensive coverage. When selecting an auto insurance plan, you need to know the difference between these types of insurance and what they cover. Need help selecting an auto insurance plan? Contact the Ed Thompson Insurance Agency, which serves Omaha, NE.<\/p>\n
Now let’s take a look at the differences between limited liability and full coverage auto insurance.<\/p>\n
Liability refers to what the insurance company must pay for in the event of an accident, vehicle theft, or another situation. Limited liability means that the insurance company is liable only for a limited number of things.<\/p>\n
Often, limited liability will not provide coverage for the owner’s vehicle but may provide coverage for the other driver’s vehicle. This means that if you get in an accident, you may have to cover the damage costs for your vehicle.<\/p>\n
Limited liability often won’t cover the costs associated with theft either. If your car is stolen, you may not get any money to help with buying a new car or to cover damages that occurred during the theft.<\/p>\n
With comprehensive auto insurance, damages to your car are typically covered. Theft may also be covered under a comprehensive plan, and the insurance provider may provide funds that you can use to buy a new car. Theft of objects within a car, such as a laptop, may not be covered under your comprehensive vehicle insurance plan, but you may be able to purchase additional theft coverage.<\/p>\n
Generally speaking, comprehensive car insurance plans are more expensive than limited liability auto plans. Yet the additional monthly costs could help ensure that more is covered in the event of an accident or other incident.<\/p>\n
If you have more questions about comprehensive versus limited liability auto plans or want guidance when selecting a plan, contact the Ed Thompson Insurance Agency, which serves Omaha, NE.<\/p>\n","protected":false},"excerpt":{"rendered":"
If you’ve been shopping for auto insurance, you may have come across the terms “limited liability” and “full coverage,” which is sometimes called comprehensive coverage. When selecting an auto insurance plan, you need to know the difference between these types of insurance and what they cover. Need help selecting an auto insurance plan? Contact the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[6,5],"class_list":["post-26","post","type-post","status-publish","format-standard","hentry","category-auto-insurance","tag-ed-thompson-insurance-agency","tag-omaha-ne"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t