Car Insurance Terms Explained. Full coverage is a somewhat generic term people used to describe insurance that covers more than liability, but full coverage is a myth as it won't cover certain injury payments or repairs. Although not a requirement, car insurance is an important responsibility carried by all car.
A car insurance provider accepts the risk on. Usually it will be written as two numbers, for example $25,000/$50,000. If you are like many consumers, your automobile insurance policy is full of terms and phrases that may be unfamiliar to you.