Purchasing Insurance Protection More Than Just Money
There are more cars hitting the road every year. With the increasing number of vehicles on the road, accidents will happen. The difference between a small aggravation and large obstacle can be your car insurance. How can you decide what insurance you need and how to buy it? Required coverage varies based on the state/province but typically includes the following: Liability: This type of insurance coverage will pay for the damage that you have caused. These damages may include personal injury, and property damage. Damages from bodily injury can include medical fees, and lost wages. Property damage includes car repair costs and loss of property use. If you are in legal trouble, liability insurance can pay for your legal fees. Recommended, more comprehensive levels of liability insurance are available that cover more than the stripped-down, state-mandated insurance. Personal Injury Protection: This is mandated in some states and is optional in others. Sometimes referred to as no-fault coverage, this pays the medical treatment for you or your passengers regardless of who was at fault. This insurance may also pay for lost wages, replacement of services and funeral expenses. State government typically sets minimum amounts. Medical Payments: Medical payment coverage is available in states that are not considered no-fault and will pay no matter who is responsible for the accident. All reasonable medical or funeral expenses will be covered under this type of policy. Collision: Damages that occur from a car accident will be covered under this type of insurance. Comprehensive: This applies if your car is stolen or damaged by causes other than an accident, including fire, wind, hail, flood or vandalism. Uninsured Motorist: This pays for repair and replacement costs when an insured person is in an accident caused by a driver who does not have insurance. Under-Insured Motorist: This pays for collision expenses when a driver with insurance is in an accident caused by a driver who does not have the right amount of insurance to pay for the full cost of the damages. Other types of coverage, such as emergency road service and car rental, can also be purchased. State Farm Agent Clermont