Buying Insurance Coverage More Than Just Money
Each year, more drivers hit the highways. This can lead to an increased likelihood of a collision for you and your family. Car insurance can be the difference between a small setback and a major trial. So how do you know which type of insurance you need and how much you should buy? Car accidents can result in many different expenses, which your insurance might be able to pay for based on the insurance policy you have purchased. Auto insurance is mandated by state law. Without insurance, you run the risk of having to pay the full cost of the harm you cause others. Liability: Personal injury and property damage that you have caused will be covered under this type of insurance. Damages from bodily injury can include medical expenses, and lost wages. Property damage includes car repair costs or loss of property use. It can also cover your legal fees if you are sued. Recommended, higher levels of liability insurance are available that cover more events than the stripped-down, state-mandated varieties. 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 responsible for the accident. It is mandated in some states and optional in others. This insurance may also pay for lost wages, replacement of services and funeral expenses. The minimum amount of personal injury protection is typically set by the state. Medical Payments: Medical payment coverage can be purchased in states that are not considered no-fault and will pay no matter who is responsible for the accident. All necessary medical or funeral expenses will be covered under this type of policy. Collision: This pays for damages to your vehicle caused by an accident. Comprehensive: This applies if your vehicle is stolen or damaged by causes other than a wreck, including fire, wind, hail, flood or vandalism. Uninsured Motorist: This pays for repair and replacement costs when someone with insurance is in an accident caused by another person who does not have liability coverage. Under-Insured Motorist: This pays for collision expenses when a driver with insurance is in an accident caused by another person who does not have enough liability insurance to pay for the total amount of the damages. Other policies, like car rental, are also available. What you pay for auto insurance varies by company and will depend on multiple factors, such as: *Your desired coverage *Your vehicle's make and model * Your driving record * Your age, gender and marital status * Where you live Many people think of auto insurance as a necessary evil, but it can save you from a financial crisis. Review your needs, research your options, and with the support of your insurance agency, choose the option that fits you best. Auto Insurance Clermont