Purchasing Insurance Coverage About More Than Money
The number of drivers on the road increases every year. As this number goes up, the possibility of accidents also goes up. The difference between a small bother and major pain can be your insurance. So how do you know what insurance you need and how much to buy? Auto insurance protects you by covering the cost of injury or damage you cause others while you are driving, damage to your vehicle or personal injury or injury to your passengers from an accidents, and certain other incidents, such as theft. Every state or province mandates automobile insurance by law. By not owning insurance, you run the risk of having to pay the total cost of the harm you cause others. Liability: Personal injury and property damage that you have caused will be paid for under this type of insurance. Bodily injury damages can include medical expenses, and lost wages. Property damage can refer to car repair costs or loss of property use. It can also cover your defense and court costs if you are sued. State laws typically require minimum amounts, but larger amounts are available and usually recommended. Personal Injury Protection: This type of insurance pays for hospital bills and other medical treatment for you or other people in your car, regardless of who was at fault in the accident. It is occasionally called no-fault coverage. It can also pay for lost wages, service replacement and funeral expenses. The minimum amount of personal injury protection is usually set by local government. Medical Payments: This coverage is available in non-no-fault states; it will pay regardless of who carries responsibility for an accident. All reasonable medical or funeral expenses will be paid for under this insurance policy. Collision: Damages resulting from a collision will be paid for under this type of insurance. Comprehensive: This type of insurance protection covers all non-collision damages. This may include hail damage, vandalism, and theft. Uninsured Motorist: Pays for repair and replacement costs when someone with insurance is in an accident caused by a driver who does not have liability coverage. Under-Insured Motorist: Pays for damages when a driver with insurance is in an accident caused by a driver who does not have enough liability insurance to pay for the total cost of the damages. Other types of coverage, including car rental and emergency road service, are also available. What you pay for car insurance varies by company and will depend on multiple factors, including: *Your desired coverage *Your vehicle's make and model * Whether or not you have been in an accident * Your age, gender and marital status * Where you live Many people consider car insurance to be a necessary evil, but it can save you from a financial fiasco. Review your needs, research your options, and with the guidance of your insurance agency, choose the option that best suits you. State Farm Agent Clermont