Q&A Should I carry liability only coverage or full coverage on my car? | SCOTT AGENCY INC.
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- Опубликовано: 4 июл 2024
- Agent Brian Gleize with the Scott Agency Inc. Reviews questions from customers. Should I carry Liability only or Full coverage is one that comes up all the time. In this video, we attempt to break the questions down while still trying to keep it simple.
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Развлечения
Just want to say Thank you so much for this information. You explain everything perfectly. I can finally make a decision
Thanks for taking the time to watch the video!
Great video. Thank you !
The Best video I’ve seen on this topic. Thank you so much for sharing as it was very helpful to help us make that decision. 🥰
Glad it was helpful!
The comprehensive video I needed. All puns intended. Thanks.
Your comment made my day, Thank you!!!!!!
Best explanation! Thank you so much!
Thank you
Well explained❤ thank you so much
Thank you for taking the time to watch. Would you mind sharing with me how you found the video?
Thank you so much
Hope it helped!
If you have full coverage and are in an accident, but the damage is more than the value of the car. Will your provider pay for the repair or just give you retail value?
If the cost to repair the damage reaches a certain percentage of the value of the car the insurance company will total the vehicle instead of repairing it. The total will be made off of the actual cash value of your car. The insurance company will go out and find comparison that should be very similar to your car's mileage, features and what the current market is bearing for your car.
Can I pay just pay liability if I’m financing on a vehicle ?
I had full coverage last month I just took it off because it’s too much to pay for along with financing the car
Hello Butter Cup! Thank you for your comment. Unfortunately if you are financing a vehicle the finance company is going to force you to carry full coverage. I would suggest that you find out what the highest deductible the lender will allow you to carry and also make sure that deductible is acceptable to you. In this case, the deductible is the main piece of the puzzle you can control. Keep the appropriate level of liability and play with the deductible. Hope this helps!!!!!
@@scottagencyinc.7911 ok thanks for responding!
What if your loan is less than 3,000 left , full coverage would cost me over 4,000 , I’m switching to basic !
Scenario A: A vehicle destroys a liability insured vehicle.
Scenario B: A vehicle destroys a comprehensively insured vehicle.
Will the compensation amount be the same in both scenarios?
Thank you for your comment.
Scenario A: The at fault drivers' insurance will evaluate the damage caused and the cost to repair the damage against the current value of the vehicle. This comparison will either result in the vehicle being totaled and an actual cash value payment being made.
Scenario B: Same as scenario A
Definitions are important.
Liability means the insurance company will repair damage that you do to someone else. It will not pay for the damage to your vehicle.
Comprehensive coverage is added to pay for things like Rock chips, theft, and fire damage to your car.
Collision coverage is added to pay for damage to your car that is your fault
In the insurance world a car has either Liability only or Liability with comprehensive and collision coverage added commonly known as full coverage.
Yesterday they hit my back bumper I was on red light waiting for green light to go forward we both have liability insurance only is it worth it getting an attorney
Hi Ozzy, when someone rear ends you, in most cases they will be seen at fault for the accident. If that is the case their insurance company should work with you to repair your car, provide a rental car, etc. If the cost to repair the car is enough to total the car, their insurance should pay you for the actual cash value of your car. The only reason to get a lawyer involved is if you have been injured severely. I would ask this same question to your current agent and let them guide you. Thank you for your comment.
@scottagencyinc.7911 they took my case I started chiropractic on Friday
@@ozzymartinez9544 Speedy recovery.
this was really helpful than you Brian!
Does "deer 🦌 hits" mean when you hit one in your car?
When you hit one or when one hits you : )
I wonder who started calling it “full coverage?”
STOP SAYING FULL COVERAGE
It doesn’t mean a damn thing.
As an agent, I could not agree more your statement is 100% accurate however trying to correct the term of full coverage to Comp and Collision is not something that society, in general, is going to accept. In the video at 1:25 in I explain that full coverage is not an insurance term and address your concern for a full 19 seconds.
Full coverage leads to thoughts of no matter what happens I will be covered "fully" and that is not accurate. The good news is that I do educate my clients on what their coverage means just as I did inside this video. Thank you for your comments and for visiting our channel.