Purchasing Insurance About More Than Money

There are more drivers on the road every year. This can lead to an increased likelihood of a collision for you and your family. Automobile insurance can make the difference between a small inconvenience and a major hassle. But why do you need to own insurance and exactly how much should you purchase? Insurance requirements will differ by state/province, but usually include the following: Liability: Bodily 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 damaged property and loss of property use. If you are sued, it also pays your legal fees. State laws usually require minimum amounts of liability insurance, but larger amounts can be purchased and are extremely helpful. Personal Injury Protection: Personal injury protection pays for hospital bills and other medical treatment for you or your passengers, regardless of who was responsible for the accident. It is mandated in some states and optional in others. This insurance can also pay for lost wages, service replacement and funeral costs. State law usually sets minimum amounts. Medical Payments: This coverage can be purchased in states that are not considered no-fault; it will pay regardless of who carries responsibility for an accident. All necessary medical or funeral expenses will be covered under this type of coverage. Collision: Damages that occur from a collision will be covered under this kind of car insurance. Comprehensive: This kind of insurance takes care of all non-collision damages. This could include weather damage, vandalism, and robbery. Uninsured Motorist: If you are in an accident with a driver without insurance or a hit-and-run driver, this type of insurance will protect you. Under-Insured Motorist: Similar to uninsured coverage, this kind of insurance protects you against drivers without sufficient insurance coverage. Emergency road service, car rental, and other varieties of coverage can also be purchased. Your car insurance payments vary by company and will depend on several factors, such as: * Which policies you choose * The type of the vehicle you drive * Your driving record * Your age, gender and marital status * Where you live Some people have consider car insurance as a necessary evil, but it is something you will need if you are ever in an accident. Evaluate your needs, do your research , and with the guidance of your insurance agency, make the decision that fits you best. Car Insurance Groveland