Buying Home Insurance About More Than Money

Each year, more cars and drivers hit the highways. This can lead to an increased likelihood of a collision. If you get in a car crash, the auto insurance you have can make a big difference in how much you have to pay. But why do you need insurance and just how much do you need? Coverage requirements vary by state/province, but usually include the following: Liability: It pays for the expenses you are responsible for in a car accident, including injury and property damage. Damages from bodily injury can include medical fees, and lost wages. Property damage can refer to damaged property or loss of use of property. It also covers your legal fees if you are sued. Recommended, higher levels of insurance can be purchased that take care of more events than the lower, state-mandated insurance. Personal Injury Protection: Personal injury protection pays for all medical treatment for you or your passengers, regardless of who was at fault in the collision. It is required in some states and optional in others. Local government usually sets minimum amounts. Medical Payments: This coverage can be purchased in states that are not considered no-fault; it will pay despite who carries responsibility for a crash. If you purchase this type of coverage, you will receive coverage for all types of medical or funeral costs. Collision: Damages resulting from a collision will be paid for under this kind of car insurance. Comprehensive: Protect your vehicle from damages from other sources when you buy this type of coverage. This can include protection from robbery, vandalism, and fire or flood damage. Uninsured Motorist: If you are in an accident with a driver without insurance, this type of insurance will make sure you are covered. Under-Insured Motorist: Similar to uninsured motorist protection, this kind of insurance protects you against drivers without enough insurance protection. Other policies, such as car rental, are also available. What you pay for car insurance varies by company and will depend on several factors, including: * Which policies you choose * The make and model of the vehicle you drive * Your driving record * Your age, gender and marital status * The place where you live Many drivers think they can get by without auto insurance, but it is truly something you don't want to live without. Review your needs, do your research , and with the guidance of your insurance agency, make the decision that fits you best. Auto Insurance Clermont

Comments Off