Insurance and What It Means To You

There are more cars and drivers hitting the road each year. This can lead to a higher possibility of a collision. The difference between a small bother and large pain can be your car insurance. But why do you need insurance and just how much should you buy? Car crashes can lead to a variety of different expenses, which your insurance can pay for based on the insurance policy you have purchased. Every state or province requires automobile insurance by law. Without insurance, you risk having to pay the full price of any harm you cause others. Liability: Personal injury and property damage that you are responsible for will be paid for under liability insurance. Damages from bodily injury include medical expenses, 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. Local laws typically mandate minimum amounts of liability insurance, but higher amounts can be purchased and are extremely helpful. Personal Injury Protection: Personal injury protection pays for all medical treatment for you and your passengers, regardless of who was responsible for the crash. It is sometimes referred to as no-fault coverage. The minimum amount of personal injury protection is usually set by the state. Medical Payments: This coverage can be purchased in non-no-fault states; it will pay despite who carries responsibility for a collision. All necessary medical or funeral expenses will be covered under this type of coverage. Collision: This pays for damages to your vehicle caused by a collision. Comprehensive: Protect your vehicle from damages from other sources by purchasing this type of coverage. This may include protection from burglary, vandalism, and weather damage. Uninsured Motorist: This pays for damages when someone with insurance is injured in a crash caused by another person who does not have insurance. Under-Insured Motorist: This pays for collision expenses when a driver with insurance is injured in a crash caused by another person who does not have the right amount of insurance to cover the full cost of the damages. Emergency road service, car rental, and other types of car insurance can also be purchased. Your auto insurance payments vary by company and will depend on several factors, such as: *Your selected coverage *Your vehicle's make and model * Whether or not you have been in an accident * Your age, gender and marital status * Where you live Many people think of auto insurance as a necessary evil, but it can save you from a financial crisis. Evaluate your needs, research your options, and with the support of your insurance agent, make the decision that best suits you. State Farm Agent Clermont