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Full Coverage Vs. Liability Only Insurance

Posted on: July 2, 2014

Full Coverage Vs. Liability Only Insurance

Please note: the following is not legal advice. Do not assume the facts herein are applicable to your case without talking to a lawyer. Each case is unique and results depend on a variety of factors. For more information see the full disclaimer below the article.

In these hard economic times, many people attempt to save money by cutting back on certain services, including full coverage car insurance, opting instead for the minimum amount they can get while still being legal.  As with all decisions, there are risks and benefits, such as price versus peace of mind.There are many reasons people choose state minimum insurance coverage, the most common of which include owning an older or less expensive vehicle; driving infrequency; and lower insurance costs.  For some people, it is fine, but others may be playing a dangerous game of roadROULETTE that could cost them significantly in the long run.  The following are a few of the benefits of opting for full coverage insurance, as well as some risks associated with not opting for full coverage insurance to help you make an informed decision and make the right choice for you:

  • Benefit – If your car is damaged in a collision, you can file a claim against your own insurance and, if the collision is not your fault, your insurance company will go after the at-fault party, while fixing your car (your deductible will apply) and getting you into a rental car (if you opt for rental coverage on your policy).  Your insurance company will also seek reimbursement of your deductible from the at-fault party’s insurance company, which would then be paid to you directly.
  • Risk – If you don’t have full coverage, you are on your own to pay for the repairs to your own vehicle; and then have to fight the other insurance company or sue the driver personally for reimbursement of your repair and rental expenses. It can take months or even years to see that money come back to you.
  • Benefit – If your vehicle is damaged in a collision and has to be towed to a storage facility pending inspection and repair, your own insurance will pay any towing and administrative charges (often in excess of $200) and storage fees (often $50 per day) to the towing facility; and will pick up your vehicle from the towing facility and take it to the repair shop of your choice.
  • Risk – If you don’t have full coverage, you are on your own to pay for the towing, administrative, and storage fees charged by the towing facility prior to them releasing your vehicle to you; and in addition, will be required to pay the additional towing expenses to remove your vehicle from the towing facility and take it to your chosen repair location.

It could be said that car insurance is like life because you hope for the best but try to be prepared for the worst.  Since Murphy’s Law states, “anything that can go wrong, will go wrong,” you might be best served by covering as many possibilities as you can when selecting car insurance coverage.

Read Some of Our Recent Client Reviews!

UniversalSniping
UniversalSniping
02:32 04 Aug 18
The lawyer who was initially handling my case parted ways with the company and I was assigned a new lawyer. This new lawyer was amazing! Christina Franetovich made me feel secure by double checking all the facts and notes in my case so that I was not worried during this transition. I was on disability from an a different accident while she was finalizing my case, and I had called and hounded her about the time frame of my settlement very frequently to the point that I felt guilty for calling so much. Christina was very sympathetic to my situation and assured me that she would do everything in her power to make sure the situation would be resolved quickly. She actually finalized my case before the time frame she had given me, was always very courteous and knowledgable on the phone, and I feel extremely lucky that she ended up handling my case because the previous lawyer was not as amazing with customer service as Christina. She also has a way of making you feel comfortable and builds incredible rapport quickly. I am going to highly recommend her to my friends and family. Thank you Christina!!!
Andrea Barajas
Andrea Barajas
15:13 16 May 18
My husband and I were in a car accident in August 2017. We contacted Bob Katz team for legal representation in our case. Kristen A. Turner was our paralegal and she was excellent. It took 9 months for us to receive our settlement and Kristen kept us updated throughout this entire process. She was very kind and patient as I happened to have several questions. She always answered my questions promptly and thoroughly. I would highly recommend this firm and Kristen if you are in need of legal assistance.
Richard Hose
Richard Hose
02:26 27 Jun 18
On Feb 23, 2017 I was in a bad accident on the JFX. I had been rear end by another driver. Almost immediately I felt pressured by the other drivers insurance. Everything from wanting a recorded statement; to failing to acknowledge responsibility. No one would answer my questions, nor would anyone take responsibility. I was frustrated and overwhelmed with everyone from the towing company, to the repair shop, to the insurance company nightmare I just entered. I reached out to Attorney Robert Katz and I was assured they were here to help. He provided with some much needed information, and told me not to worry, Sarah his Paralegal would be in touch to help get things moving. Sarah reached out as expected and explained their process and walked me through what my expectations would be. She as well assured me they were here to help me navigate the obstacles. What Sarah really did was so much more than help. She took the stress and burden off my shoulders and assumed ownership for handling everything on my behalf. I knew what to expect, and I received regular updates throughout the entire process. Honestly, I received so much more than I anticipated. Some of the most frustrating items to chase after are medical records and hospital charges. While I was trying to recall events and timelines, she had already obtained my records and information. She made this process so painless. I truly cannot say enough about the exceptional service she provided. Many thanks for all your help. Sincerely, Richard Hose
Claudette Pope
Claudette Pope
13:18 30 Aug 18
I was referred to Gordon & feindblatt in 2014 when my family was in an accident, Mr. Katz personally consulted with me by phone and he was very polite and professional, Mr. Carpuso, one of the litigation attorneys even came out to our home and went over our case with us, he made sure all of our needs was addressed and before he left our home that day I felt like we were old friends. that case was settled and I was very pleased, I have used this law firm twice since then and the results are always the same, I have nothing but great experiences with Gordon & Feindblatt the staff are courteous and professional and they get the job done but the one in particular that really stood out for me is Rebecca Slattery, she is truly a gem, she is so compassionate, she walked me through the entire process, she even checked up on me from time to time just to see how I was feeling and I really appreciated her kindness. I will use this law firm again and again for any future legal issue that may arise and I would highly recommend Gordon & Fiendblatt to friends, family and co-workers.
TheOfficalCeeandDee
TheOfficalCeeandDee
15:24 09 Feb 18
My experience here was great. My lawyer Rebecca was so professional and I love her personality. She handled my case well and kept me updated and made the process easy and always made me feel comfortable to call whenever I needed to know anything.
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Location: Tysons

Chris Shin
Chris Shin
18:23 20 Jun 18
They were very polite, professional. and informed current status of the case time to time. Great Job !!!
Jonathan Roane
Jonathan Roane
22:51 17 Nov 17
If you ever need any assistance with an accident or injury-related claim this is the firm you need hands down. These are the most professional and caring people I have ever met in my life. Two people you should contact are Rebecca Slattery who was actually my paralegal and also Allan Serrano. You will be in good hands.
Israel Thompson
Israel Thompson
00:52 06 Dec 17
Attorney MR Bob Katz outstanding Human being, went beyond and above to help me during my accident, he showed me tremendous kindness and support.Thank you so much will highly recommend him to anyone who needs help with their auto accident
Marta Kritselis
Marta Kritselis
16:19 01 Sep 17
Rebecca Slattery the paralegal She took care my case and she was very helpful throughout the whole process. I highly recommend to my family and friend the services of Attorney Bob Kats and there team .
Myong Kim
Myong Kim
22:04 31 Mar 17
I am grateful to Bob and Justin Katz and their team for working hard to get me the most money. They were very professional and easy to work with in Korean. I will recommend them to friends and family any chance I have.
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