What is the difference between full and basic coverage?

[Ouchmybalz 0]

Just curious on the difference between full coverage and basic coverage? 

[Ozzy Jones 362]

Full coverage keeps the upgrades, basic just keeps the vehicle itself.

[Ouchmybalz 0]

And is it only good for one smash then you have to re buy coverage again correct? 

[Tman15tmb 1827]

After your vehicle gets destroyed you do have to buy insurance again if that was your question. 

[Isaac Newton 1983]

And just to clarify,

if your vehicle is stolen and chopped at the chop shop, it will count as the vehicle being destroyed and will require insurance to replace.