Insurance and You
- 9 30, 2020
- |Insurance Brokers
- No Comments
The number of cars on the road increases every year. As this number increases, the possibility of accidents also increases. Car insurance can be the difference between a minor inconvenience and a large hassle. So how do you know which type of insurance you need and how much to buy? Coverage requirements vary by state/province, but typically include the following: Liability: Personal injury and property damage that you are responsible for will be covered under liability insurance. If you are sued, it also pays your legal fees. Recommended, more comprehensive levels of insurance are available that cover more than the stripped-down, state-mandated insurance. Personal Injury Protection: Personal injury protection pays for hospital bills and other medical treatment for you or other people in your car, regardless of who was at fault in the crash. It is mandated in some states and optional in others. Local government typically sets minimum amounts. Medical Payments: This type of coverage is available in non-no-fault states and will pay regardless of who is responsible for an accident. All necessary medical or funeral expenses will be covered under this type of coverage. Collision: Pays for damages to your car caused by a collision. Comprehensive: Cover your car from damages from other sources by purchasing this type of insurance. This may include protection from theft, vandalism, and fire or flood damage. Uninsured Motorist: If you are in an accident with an uninsured driver or a hit-and-run driver, this type of insurance will protect you. Under-Insured Motorist: Similar to uninsured coverage, this kind of insurance protects you against people driving without sufficient insurance protection. Other types of car insurance, like emergency road service and car rental, can also be purchased. What you pay for car insurance varies by company and will depend on multiple factors, including: *Your desired coverage *Your vehicle's make and model * Whether or not you have been in an accident * Your age, gender and marital status * The place where you live Some drivers think they can get by without auto insurance, but it is honestly something you don't want to live without. Evaluate your needs, do your research , and with the guidance of your insurance agency, make the decision that fits you best. State Farm Agent Clermont