Insurance and What It Means To You

There are more cars on the road every year. As this number goes up, the chances of a car wreck will also go up. Automobile insurance can be the difference between a minor setback and a large hassle. So how can you find out what type of car insurance you need and how much to purchase? Mandated coverage varies based on the state/province but usually includes the following: Liability: Personal injury and property damage that you are responsible for will be paid for under liability insurance. Bodily injury damages include medical fees, and lost wages. Property damage can refer to damaged property and loss of use of property. If you are in legal trouble, liability insurance will pay for your defense and court costs. State laws usually require minimum amounts of liability insurance, but larger amounts are available and usually recommended. Personal Injury Protection: This is required 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. State law usually sets minimum amounts. Medical Payments: Medical payment coverage is available in non-no-fault states and will pay no matter who is responsible for the accident. If you purchase this type of coverage, you will receive payment for necessary medical or funeral costs. Collision: Damages that occur from a collision will be paid for under this type of insurance. Comprehensive: Protect your car from all non-collision damages by purchasing this type of coverage. This includes protection from robbery, vandalism, and weather damage. Uninsured Motorist: Pays for repair and replacement costs when someone with insurance is injured in an accident caused by a driver who does not have liability insurance or by a hit-and-run driver. Under-Insured Motorist: Pays for collision expenses when a driver with insurance is injured in an accident caused by a driver who does not have the right amount of insurance to cover the full cost of the damages. Emergency road service, car rental, and other varieties of coverage can also be purchased. What you pay for car insurance varies based on the company and will depend on several factors, including: * What coverage you select * The make and model of the car you own * Your driving record * Your age, sex and marital status * Where you live Don't wait around to buy car insurance; you should never drive a car without it. Review your needs, research your options, and with the guidance of your insurance agent, make the decision that best suits you. Auto Insurance Clermont