Buying Insurance Coverage More Than Just Money
There are more drivers hitting the road each year. With countless vehicles on the road, accidents will happen. If you get in a car crash, the car insurance you have can make a large difference in how much you have to pay. But why is insurance required by law and just how much should you buy? Required coverage varies based on the state/province but typically includes the following: Liability: This kind of insurance coverage will pay for the damage that you are responsible for. These damages may include bodily injury, and property damage. Damages from bodily injury can include medical expenses, and lost wages. Property damage can refer to damaged property and loss of property use. If you are in legal trouble, it also pays your legal fees. Recommended, higher levels of insurance are available that cover more events than the stripped-down, state-mandated varieties. Personal Injury Protection: This is mandated in some states and is optional in others. It pays you or your passengers for medical treatment resulting from a crash, regardless of who may have been at fault, and is often called no-fault coverage. Local government typically sets minimum amounts. Medical Payments: Medical payment coverage can be purchased in states that are not considered no-fault and will pay regardless of who is responsible for an accident. If you buy this type of coverage, you will receive payment for necessary medical or funeral costs. Collision: Pays for damages to your vehicle caused by a collision. Comprehensive: This kind of insurance protection takes care of any non-collision damages. This could include flood damage, vandalism, and robbery. Uninsured Motorist: If you are in an accident with a driver without insurance or a hit-and-run driver, this type of insurance coverage will protect you. Under-Insured Motorist: Pays for damages 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 amount of the damages. Emergency road service, car rental, and other types of car insurance can also be purchased. State Farm Clermont