One of the types of insurance that people may be most familiar with is automobile insurance.

According to United Risk Services Agents Jenyse Durham and Diane Hawley, there are two main types of auto insurance that most people deal with: full coverage and liability plans. They tell Raccoon Valley Radio the difference between the two.

“Well, the simple answer is liability covers the other party when you’re at fault or cause damage or bodily injury in an accident. While full coverage is used to repair your own vehicle in the case of an accident, damage or theft.”

Hawley mentions that if an individual doesn’t have a loan on their vehicle, they can have either full coverage or liability-only, but that if there is a loan on the vehicle, banks usually require a full coverage policy. Durham adds that besides full coverage and liability, there are also motorcycle, all terrain vehicle (ATV), golf cart, as well as personal and classic and antique vehicle policies.