Financial Security and Your Insurance Policy
Every year, more cars travel our roads and freeways. As this number increases, the chances of a car collision will also go up. If you get in a car accident, the car insurance you own can make a large difference in how much you have to pay. So how can you figure out which type of insurance you need and how much you should buy? Car insurance provides you with protection from covering the cost of injury or damage you cause others while you are driving, damage to your vehicle or injury to you or your passengers from an accidents, and specific other occurrences, such as theft. Auto insurance is mandated by law in all states and provinces. By not purchasing insurance, you risk having to pay the full cost of the harm you cause others. Liability: It pays for the expenses you have caused to others in a car accident, including injury and property damage. If you are sued, it also pays your legal fees. Recommended, more comprehensive levels of liability insurance can be purchased that take care of more events than the lower, state-mandated varieties. Personal Injury Protection: Personal injury insurance is mandated in some states and is optional in others. It pays you or your passengers for medical treatment resulting from a crash, regardless of who may have been at fault, and is often called no-fault coverage. This insurance may also cover lost earnings, service replacement and funeral costs. Local law typically sets minimum amounts. Medical Payments: This coverage is available in non-no-fault states; it pays despite who carries responsibility for a collision. This insurance will pay for all insured person's reasonable medical and funeral expenses for bodily injury from a crash. Collision: This pays for damages to your vehicle caused by a collision. Comprehensive: This kind of insurance protection takes care of all damages not caused by a collision. This could include weather damage, vandalism, and theft. Uninsured Motorist: This pays for repair and replacement costs when someone with insurance is injured in an accident caused by another person who does not have liability coverage. Under-Insured Motorist: This pays for damages when an insured person is injured in an accident caused by another person who does not have enough liability insurance to cover the total amount of the damages. Other kinds of coverage, including car rental, are also available. What you pay for car insurance varies based on the company and will depend on several factors, including: * Which policies you choose * The make and model of the vehicle you own * Whether or not you have been in an accident * Your age, sex and marital status * The place where you live Many people don't want to pay for car insurance, but it is honestly something you don't want to live without. Review your needs, do your research , and with the help of your insurance agency, make the decision that fits you best. Auto Insurance Clermont