Purchasing Insurance About More Than Money
We see more and more drivers on the road each year. With countless vehicles on the road, crashes can happen. The difference between a small bother and large obstacle can be car insurance. So how do you know what insurance you need and how much to purchase? Car crashes can lead to many different expenses, which your insurance might be able to pay for based on the insurance policy you own. By not purchasing insurance, you run the risk of having to pay the total price of any harm you cause others or of repairing or replacing your vehicle if it is damaged or stolen. Liability: Liability pays for expenses due to personal injury and property damage to others when you are responsible. It can also cover your legal fees if you are sued. State laws usually require standard amounts, but higher amounts can be purchased and are 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 responsible for the crash. It is sometimes referred to as no-fault coverage. This insurance can also pay for lost earnings, service replacement and funeral expenses. State government usually sets minimum amounts. Medical Payments: Medical payment coverage is available in non-no-fault states and will pay regardless of who is responsible for an accident. If you purchase this type of coverage, you will receive coverage for reasonable medical or funeral expenses. Collision: Pays for damages to your vehicle caused by an accident. Comprehensive: Applies if your vehicle is stolen or damaged by something other than an accident, including fire, wind, hail, flood or vandalism. 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 insurance or by a person who cannot be identified (usually a hit-and-run driver). Under-Insured Motorist: There are other drivers who have liability insurance that can't pay for all the expenses they are responsible for. Under-insured motorist coverage protects you from those drivers. Other types of coverage, including car rental and emergency road service, are also available. State Farm Clermont