This is an often misinterpreted term, and doesn’t refer to a policy that covers “everything.”

Instead, full coverage typically refers to a policy that includes both liability coverage and coverage for damages to your vehicle.

There is comprehensive and collision coverage which help repair/replace damages to your vehicle where you pay your deductible and the insurance company pays the rest.

A deductible is the amount you’re responsible for/your out of pocket cost in the event of a covered loss. In most covered loss cases, you are responsible for any amounts up to your deductible level and your insurance would cover anything beyond that up to your coverage limit. For example, if you select a $1,000 deductible and have a $4,200 covered loss, you would receive a claim payment of $3,200 after deducting the $1,000.

A deductible applies to each claim. If you have more than one claim in a policy period, you will be responsible for the deductible amount for each individual claim regardless of the number of claims you have during that policy period.

Homeowners insurance policies typically do not cover but not limited to damage resulting from the following:

• Earth movement
• Water
• Nuclear hazard
• Neglect or failure to make repairs
• Corrosion, deterioration, decay or rust
• Wear and tear
• Contamination
• Fungi
• Increased cost due to enforcement of any building ordinance or law
• Government actions
• Power failure
• Animals or pests
• War

If you rent a car in the US and Canada we’ll extend your coverages to the rental.

Keep in mind if you don’t have “full coverage” with liability, comprehensive, and collision coverage then you will want to purchase coverage through the rental agency.

There is no loss of use coverage that transfers over so you may want to purchase this from the rental agency.

For example: If you damage a car you rent and it has to get repaired, you compensate the company for what it would have made as a rental if the vehicle had been available.