What is the company's risk if it gives full coverage ins?

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What is the company's risk if it gives full coverage insurance?

The insurance company's risk would be the amount of coverage you purchase. This would be the case whether you buy 'full coverage' or not. The insurance company would be obligated to pay up to the amount of coverage you buy. If you buy comprehensive and collision coverage then the insurance company will pay up to the actual cash value of your vehicle at the time of the loss minus any deductible that applies.

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This car insurance question was asked on 7/15/2005

This auto insurance answer was last updated on 7/18/2005

Yirgedu requested this car insurance solution.

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