Purchasing Home Insurance About More Than Money

Each year, more cars hit America's roads. As this number goes up, the chances of a car accident will also increase. The difference between a small aggravation and major pain can be your insurance. But why do you need to own insurance and exactly how much should you purchase? Insurance requirements vary by state/province, but typically include the following: Liability: Pays for the expenses you have caused to others in a car collision, including property damage and injury. Bodily injury damages include medical expenses, lost wages, and pain and suffering. Property damage includes damaged property and loss of property use. If you are in legal trouble, this type of insurance can pay for your defense and court costs. Local laws typically require minimum amounts, but larger amounts can be purchased and are extremely helpful. Personal Injury Protection: Personal injury protection pays for the medical treatment for you or other people in your car, no matter who was at fault in the crash. It is sometimes referred to as no-fault coverage. Local government typically sets minimum amounts. Medical Payments: Medical payment coverage can be purchased in non-no-fault states; it pays regardless of who may have been at fault. This insurance will pay for an insured person's necessary medical or funeral expenses for bodily injury from an accident. Collision: Damages resulting from a collision will be covered under this kind of insurance. Comprehensive: This kind of insurance protection takes care of all damages not caused by a collision. This could include weather damage, vandalism, and robbery. Uninsured Motorist: Pays for damages when someone with insurance is injured in an accident caused by another person who does not have liability insurance or by a hit-and-run driver. Under-Insured Motorist: Pays for damages when a driver with insurance is injured in an accident caused by another person who does not have the right amount of insurance to cover the total amount of the damages. Other types of coverage, including car rental and emergency road service, are also available. Golf Cart Insurance Clermont