Insurance and What It Means To You

The amount of cars and drivers on the road increases every year. As this number increases, the chances of a car collision will also go up. Car insurance can make the difference between a small inconvenience and a large hassle. So how can you figure out what insurance you need and how much to buy? Mandated coverage varies by state/province but usually includes the following: Liability: It pays for damages due to bodily injury and property damage to others where you are responsible. Bodily injury damages include medical fees, lost wages, and pain and suffering. Property damage can refer to car repair costs or loss of use of property. It can also cover your defense and court costs if you are sued. State laws usually mandate standard amounts, but larger amounts can be purchased and are very beneficial. Personal Injury Protection: Personal injury protection pays for all medical treatment for you and other people in your car, no matter who was at fault in the accident. It is occasionally called no-fault coverage. It can also pay for lost earnings, service replacement and funeral expenses. State law usually sets minimum amounts. 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. If you purchase this type of coverage, you will receive payment for all types of medical and funeral expenses. Collision: Damages resulting from a car accident will be paid for under this type of car insurance. Comprehensive: Cover your vehicle from all non-collision damages by purchasing this type of coverage. This includes protection from burglary, vandalism, and fire or flood damage. Uninsured Motorist: If you are hit by an uninsured driver or a hit-and-run driver, this type of insurance coverage will protect you. Under-Insured Motorist: There are other drivers who have liability insurance that can't pay for all the expenses they are supposed to take care of. This type of insurance protects you from those drivers. Other types of coverage, including car rental, are also available. Your auto insurance payments vary by company and will depend on multiple factors, such as: * What coverage you select * The type of the vehicle you own * Whether or not you have been in an accident * Your age, sex and marital status * Where you live Don't procrastinate buying auto insurance; you should never be on the road without it. Review your needs, do your research , and with the help of your insurance agent, make the decision that fits you best. State Farm Clermont