Full-Coverage Auto Policies Debunked

Everyone thinks they have a full-coverage auto policy, when in reality they don’t. The truth is there is no such thing as “full coverage” in an auto policy. The state of Georgia requires a minimum mandatory coverage of liability, which currently breaks down to 25/50/25.

This means that:

  1. 25: One person can collect a maximum of $25,000 from your policy for personal injury. If they want or deserve more, they’ll have to sue you and get a judgment against you and your personal assets.
  1. 50: Say there are five people hurt in the other car involved in your accident, and one person gets the full $25,000. The remaining four people can only claim $25,000 (adding up to $50,000, which is where we get the 50), and this amount is divided among them. This division depends on injuries and is not necessarily equal.
  1. 25: The maximum your policy will pay for the amount of property damage you caused another vehicle(s) is $25,000.

Additional Coverage is Not Full Coverage

For an added cost, you can purchase additional coverage: liability coverage, property coverage, uninsured motorist coverage, medical payment coverage (for yourself and the passengers in your car), and comprehensive coverage. There are different levels of additional coverage that you can purchase.

Past this, you can purchase umbrella coverage to increase your coverage even further, and coverage to protect you in the event that you cannot work after an auto accident. There are plenty of ways to beef up your policy, but nothing will make it “full coverage.”

Alternatives to Liability Coverage

If you are fortunate to have enough money, you can place it with the state to cover your liability if you are involved in a car wreck. This way, if you are never in an accident, you don’t pay a single cent; however, if you travel anywhere between 10 and 20 miles each day, there is a very good chance you’ll be involved in at least small accident every few years.

Contact Cohen & Sinowski, P.C., Top Atlanta Car Accident Law Firm

To navigate the labyrinth that is auto insurance coverage and get the money you are owed, give Cohen & Sinowski, P.C., a call at 404-800-CASH. or fill out our online contact form today. Our experienced Atlanta car accident attorneys can help you get the compensation you deserve in a timely manner.

And remember, there’s no such thing as full auto coverage.