Types of Auto Insurance Coverage
The number of cars on the road increases every year. This could lead to a higher possibility of a collision for you and your family. Automobile insurance can be the difference between a small inconvenience and a major trial. How can you determine what insurance you require and how to buy it? Car insurance provides you with protection from paying for injury or damage you cause others while you are driving, damage to your vehicle or injury to you or your passengers from a crash, and certain other incidents, such as theft. Every state and province mandates auto insurance by law. By not purchasing insurance, you risk having to pay the full cost of any harm or injury you cause others or to repair or replace your vehicle if it is damaged or stolen. Liability: It pays for the expenses you are responsible for in a car accident, including injury and property damage. If you are in legal trouble, this type of insurance can pay for your legal fees. Recommended, higher levels of liability insurance are available that cover more than the lower, state-mandated insurance. Personal Injury Protection: Personal injury protection pays for hospital bills and other medical treatment for you or other people in your car, no matter who was at fault in the accident. It is required in some states and optional in others. It may also pay for lost wages, replacement of services and funeral expenses. The minimum amount of this insurance is typically set by the state. Medical Payments: This coverage can be purchased in states that are not considered no-fault; it will pay despite who carries responsibility for an accident. If this policy has been bought, the insured person will receive payment for reasonable medical or funeral expenses. Collision: This pays for damages to your vehicle caused by an accident. Comprehensive: Protect your vehicle from all non-collision damages by purchasing this type of coverage. This includes protection from robbery, vandalism, and fire or flood damage. Uninsured Motorist: This pays for repair and replacement costs when an insured person is in an accident caused by another person who does not have insurance. Under-Insured Motorist: Similar to uninsured motorist protection, this kind of insurance protects you against drivers without sufficient insurance protection. Other types of coverage, including car rental, are also available. Your auto insurance payments varies based on the company and will depend on several factors, including: *Your selected coverage *Your vehicle's make and model * Whether or not you have been in an accident * Your age, sex and marital status * The place where you live Some have come to think of auto insurance as a necessary evil, but it can truly save you from a financial disaster. Review your needs, research your options, and with the guidance of your insurance agency, choose the option that best suits you. State Farm Clermont