What Does Broad Form Insurance Means?

Broad Form Car Insurance Is Very Narrow Coverage

Broad form auto insurance sounds like it covers a lot, but just the opposite is true. In fact, broad form coverage is so narrowly focused and leaves so many gaps that 39 states forbid its sale. What broad form insurance quotes are cover an individual driver for liability? That’s it, no medical, no uninsured motorist, no comprehensive, or collision or roadside assistance, it’s the insurance of no one but one individual for liability only. It really is insurance on the driver because anyone else operating that driver’s vehicle has no coverage whatsoever.

[caption class="snax-figure" align="aligncenter" width="1140"][/caption]

Still Want Broad Form Insurance Quotes?

These 11 states are the only places where it is available, and you’d better check the credentials and customer feedback for the insurance companies that offer it.  Most major insurers do not offer such plans.

What Does Broad Form Cover?

Broad form insurance covers the policyholder for liability for any vehicle they drive. It does not cover the vehicle in any way, it provides no medical payments for the driver's injuries nor any passengers in their vehicle. It will not cover any other driver using the policy holder’s vehicle. It will cover damage that is done by the driver while operating the vehicle to the health and property of others. It is hard for this writer to see how this type of insurance policy serves anyone adequately.

What Are Some Other Low Cost Options For Auto Insurance Coverage?

A better suggestion would be to get a policy for state minimum car insurance only with medical payments and uninsured motorist coverage if you have a vehicle that is older, has high mileage or is in poor condition. If that type of coverage does not seem suitable there are a number of other ways that a driver can insure a vehicle and obtain the best coverage for the insurance dollar spent. First and foremost when buying any type of personal insurance obtaining multiple quotes is important. You can go to websites for auto insurance coverage or you can go to ConsumerCoverage.com that covers many forms of personal insurance beyond vehicle coverage. After obtaining multiple quotes consider bundling your homeowners or renters insurance with your vehicle coverage. That can save you up to 20% savings reflected in your vehicle coverage. If you have so called “full coverage'' consider raising the deductibles as a means of saving money.

Who Might Benefit From Broad Form Coverage?

An individual who was seeking the lowest possible cost of coverage for himself. Since there is no coverage for anyone else they should not loan their vehicle to any other person. They should have an adequate medical policy to cover their injuries in the event of an accident and not allow any passengers to ride in their vehicle. This is why in an earlier paragraph I suggested that for most people this type of coverage simply does not work.

Consumer Coverage is a personal insurance mega site that provides free comprehensive quotes on many forms of insurance. Vehicle coverage of all types including PIP auto insurance is available on this site from some of the nation’s major insurers.