Purchasing Insurance Coverage It's Not About The Money

Every year, more drivers travel our roads and freeways. As this number increases, the chances of a car wreck will also go up. If you get in a car accident, the auto insurance you have can make a large difference in what happens next. But why do you need to own insurance and just how much should you purchase? Required coverage varies based on the state/province but typically includes the following: Liability: This kind of insurance will pay for the damage that you have caused. These damages might include personal injury, and property damage. Bodily injury damages can include medical fees, lost wages, and pain and suffering. Property damage can refer to car repair costs or loss of property use. It can also cover your defense and court costs if you are sued. Local laws typically mandate minimum amounts of liability insurance, but larger amounts can be purchased and are usually recommended. Personal Injury Protection: This type of insurance pays for hospital bills and other medical treatment for you or other people in your car, regardless of who was at fault in the accident. It is required in some states and optional in others. It may also pay for lost wages, service replacement and funeral expenses. Local government typically sets minimum amounts. Medical Payments: Medical payment coverage is available in non-no-fault states; it will pay despite who carries responsibility for a crash. If you purchase this type of coverage, you will receive coverage for necessary medical or funeral expenses. Collision: This pays for damage to your car caused by an accident. Comprehensive: Applies if your car is stolen or damaged by causes other than an accident, including fire, wind, hail, flood or vandalism. 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: This pays for collision expenses when an insured person is injured in an accident caused by a driver who does not have enough liability insurance to pay for the total cost of the damages. Other types of coverage, such as car rental, are also available. State Farm Agent Clermont