Insurance and What It Means To You

There are more cars on the road each year. This could lead to an increased likelihood of a car accident for you and your family. Car insurance can be the difference between a small inconvenience and a major hassle. So how can you figure out which type of insurance you need and how much to buy? Car accidents can lead to many different expenses, which can all be paid for based on the insurance policy you own. Every state and province mandates automobile insurance by law. Without insurance, you risk having to pay the full cost of the harm or injury you cause others or to repair or replace your car if it is damaged or stolen. Liability: This type of insurance coverage will pay for the damage that you have caused. These damages can include bodily injury, and property damage. It also covers your legal fees if you are sued. Recommended, higher levels of liability insurance are available that take care of more than the lower, state-mandated insurance. Personal Injury Protection: Personal injury insurance 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. This insurance may also cover lost wages, replacement of services and funeral costs. State law typically sets minimum amounts. Medical Payments: Medical payment coverage is available in states that are not considered no-fault; it pays despite who may have been at fault. If you purchase this type of coverage, you will receive coverage for reasonable medical and funeral costs. Collision: This pays for damage to your car caused by a collision. Comprehensive: This applies if your car is stolen or damaged by something other than an accident, including fire, wind, hail, flood or vandalism. Uninsured Motorist: If you are in an accident with an uninsured driver or a hit-and-run driver, this type of insurance coverage will make sure you are covered. Under-Insured Motorist: This pays for collision expenses when an insured person is in an accident caused by a driver who does not have the right amount of insurance to cover the total cost of the damages. Other types of car insurance, including emergency road service and car rental, can also be purchased. Your car insurance payments vary by company and will depend on multiple factors, such as: * Which policies you select * The type of the car you drive * Your driving record * Your age, gender and marital status * The place where you live Many people consider car insurance to be a necessary evil, but it can rescue your finances. Review your needs, research your options, and with the support of your insurance agent, choose the option that fits you best. Car Insurance Quotes Clermont