Buying Insurance Coverage About More Than Money
The amount of cars on the road increases each year. As this number goes up, the possibility of accidents also goes up. If you get in a car wreck, the car insurance you have can make a big difference in how much you have to pay. How can you determine what insurance you require and how you can buy it? Mandated coverage varies by state/province but typically includes the following: Liability: Bodily injury and property damage that you are responsible for will be covered under this type of insurance. It also covers your legal fees if you are sued. Recommended, more comprehensive levels of liability insurance are available that cover more events than the stripped-down, state-mandated insurance. Personal Injury Protection: This type of insurance pays for all medical treatment for you and your passengers, regardless of who was responsible for the accident. It is commonly called no-fault coverage. It can also cover lost wages, service replacement and funeral expenses. The minimum amount of this insurance is typically set by local government. 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. This insurance will pay for an insured person's reasonable medical and funeral expenses for bodily injury from a crash. Collision: Pays for damage to your vehicle caused by an accident. Comprehensive: This type of insurance takes care of all damages not caused by a collision. This could include hail damage, vandalism, and theft. Uninsured Motorist: If you are hit by a driver without insurance or a hit-and-run driver, this type of insurance will make sure you are covered. Under-Insured Motorist: Just like uninsured motorist protection, this type of insurance protects you against drivers without sufficient insurance coverage. Emergency road service, car rental, and other varieties of coverage can also be purchased. Auto Insurance Clermont