What is considered full coverage insurance in michigan

Full coverage insurance in Michigan is usually defined as a policy that provides collision and comprehensive insurance plus at least the state's minimum required coverage: $50,000 in bodily injury coverage per person (up to $100,000 per accident) and $10,000 in property damage coverage.

What is classified as full coverage?

When financing or leasing a vehicle, your lender may use the term "full coverage." That means they require you to carry comprehensive and collision plus anything else your state mandates. Liability is a mandatory coverage in nearly every state, while comprehensive and collision (physical damage coverages) are optional.

How do you know if it's full coverage?

You know you have full coverage auto insurance if you have comprehensive and collision plus any other insurance your state or lender requires. Full coverage is not an official kind of insurance, but the term generally describes a policy that protects the policyholder and their car in most situations.

What is covered in full insurance?

Full coverage auto insurance is a term simply used to describe a policy that covers all the main parts of car insurance. This is typically a combination of comprehensive insurance, collision insurance, and liability insurance.

Do you have to have full coverage in Michigan?

In Michigan, car insurance laws require drivers to have a mandatory 20/40/10 no-fault insurance policy. This means drivers should have liability coverage of at least $20,000 per person and $40,000 per accident for bodily injuries, with at least $10,000 of property damage coverage.