Do you have car insurance? What about home insurance? Do you have an insurance policy of any kind? Chances are you do, and if I asked you if it is good coverage, bad coverage or something in between, you would say words to the effect of you have “full coverage.” If you believe you have the always sought-after and rarely found “full coverage,” read on.
When you purchase an insurance policy, whether you speak with a licensed agent or broker or call an insurer directly, you have choices on what it is you are going to buy. You probably have an idea of what you want to pay more than what it is you are going to buy. Because of this, you may find yourself asking for full coverage. The problem is, there really is no such thing as full coverage. Let me explain why, and let’s start with an analogy.
