What is the opposite of full coverage insurance?
Liability coverage protects you against costs incurred by the other driver if you cause an accident. Full coverage car insurance includes liability coverage and helps you pay for expenses when your car is damaged.
What is another name for no-fault insurance?
So let’s start with a basic definition: no-fault insurance, sometimes referred to as personal injury protection insurance (PIP), can help cover you and your passengers’ medical expenses and loss of income in the event of a covered accident, regardless of who is found at fault.
What is it called when you don’t have full coverage?
Once the car is no longer covered, your lender will contact you and state you’re in breach of contract. If this isn’t resolved right away, the lender is likely to pick an auto insurance policy and add it to the cost of your loan. This is frequently called force-placed coverage.