Some companies try to convince motorists by offering plenty extra coverage. It is fine if they are freebies but generally such policies are a bit more expensive. People can get confused with them and wonder if they need these extras. They may not even understand some of them. Motorists shouldn’t proceed with the purchase of any policy until they explore all their options and ask what does full coverage car insurance cover?
Vehicle insurance companies, like any other firm, want to come up with various products to capture large portion of the market. It is no surprise that auto insurance requirements of a rich person can be a lot different than an ordinary person in many ways. To start with they have more assents to protect against claims and their cars are generally much more expensive. That is why companies come up with standard policy packages to offer to their most applicants. They also have basic and much more comprehensive packages for budget conscious and better-off clientele.
People with money would not mind paying a bit more for a loaded policy. They want to cover every angles. There are cases where people with wealth are sued for a lot more damages due to gross negligence. This is where the legal cover comes in to defend the policyholder against liable cases up to the policy limit. Lawyers of the third parties may want a lot more and they may need to prove gross negligence to get it. They would have to take the driver to court personally for such claims and your additional legal representation would come handy there.
It is really your call to go with the cheaper policies or go with the more comprehensive ones. However, you should make sure that you get sufficient auto insurance liabilities coverage. Minimums are quite low in many cases. Even a small accident can cost more than $20,000 when you take injuries into account. And some people love to milk these claims by putting near fraudulent claims. You just want to be safe than sorry.
Sometimes, you may get many extras at a reasonable cost. Some companies load their policies to make it appealing and they charge reasonable premiums. So, you need to look at them on the face value and compare with the rest. Searching for competitively priced car insurance is the key aspect of buying a policy and you should skip it. Otherwise, it can cost you dearly.