Insurance and What It Means To You

The amount of cars on the road increases each year. This can lead to an increased likelihood of a collision for you and your family. If you get in a car crash, the auto insurance you own can make a large difference in how much you have to pay. But why do you need to own insurance and just how much should you purchase? Coverage requirements vary by state/province, but typically include the following: Liability: This kind of insurance coverage will pay for the damage that you have caused. These damages can include personal injury, and property damage. Bodily injury damages can include medical fees, and lost wages. Property damage can refer to car repair costs and loss of property use. It also covers your defense and court costs if you are sued. State laws typically mandate minimum amounts of liability insurance, but higher amounts are available and extremely helpful. Personal Injury Protection: This is required 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. It may also cover lost earnings, service replacement and funeral costs. State law typically sets minimum amounts. Medical Payments: Medical payment coverage is available in non-no-fault states; it pays regardless of who carries responsibility for a crash. All reasonable medical or funeral expenses will be covered under this type of policy. Collision: This pays for damages to your car caused by an accident. Comprehensive: Cover your car from damages from other sources when you buy this type of coverage. This may include protection from theft, vandalism, and fire or flood damage. Uninsured Motorist: This pays for damages when an insured person is injured in a crash caused by a driver who does not have insurance. Under-Insured Motorist: This pays for damages when a driver with insurance is injured in a crash caused by a driver who does not have the right amount of insurance to cover the full cost of the damages. Emergency road service, car rental, and other varieties of coverage can also be purchased. What you pay for auto insurance varies based on the company and will depend on multiple factors, such as: *Your desired coverage *Your vehicle's make and model * Your driving record * Your age, gender and marital status * Where you live Don't wait around to buy auto insurance; you should never drive a car without it. Review your needs, research your options, and with the guidance of your insurance agency, make the decision that fits you best. State Farm Agent Clermont