If you’ve ever bought, or leased, a car there’s a pretty good chance you’ve been told you need “full coverage” auto insurance while under a loan or lease. But what exactly does that mean?
Honestly, there is no such thing. It is not a term generally used by insurance companies because no insurance company will be able to cover 100% of all situations, which is why so many companies do not use the term “full coverage.” The definition of full coverage is going to vary largely by the person and the situation.
Read more from Erie: What is Full Coverage Insurance?
