Types of Auto Insurance Coverage

The number of cars and drivers on the road increases each year. As this number goes up, the chances of a car collision will also increase. Car insurance can make the difference between a minor setback and a major hassle. How can you determine what insurance you require and how to buy it? Auto insurance protects you by covering the cost of injury or damage you cause others while you are driving, damage to your vehicle or personal injury or injury to your passengers from a crash, and specific other occurrences, such as robbery. By not owning insurance, you risk having to pay the full price of the harm or injury you cause others or to repair or replace your vehicle if it is damaged or stolen. Liability: Personal injury and property damage that you are responsible for will be covered under liability insurance. Damages from bodily injury can include medical expenses, lost wages, and pain and suffering. Property damage includes car repair costs or loss of use of property. It also covers your defense and court costs if you are sued. Local laws usually require standard amounts of liability insurance, but larger amounts can be purchased and are usually recommended. Personal Injury Protection: Personal injury insurance is mandated in some states and is optional in others. Sometimes referred to as no-fault coverage, this pays the medical treatment for you or your passengers regardless of who was at fault. The minimum amount of personal injury protection is typically set by the state. Medical Payments: Medical payment coverage is available in non-no-fault states; it will pay despite who carries responsibility for an accident. If this type of coverage has been bought, the insured person will receive payment for all types of medical and funeral expenses. Collision: This pays for damage to your vehicle caused by a collision. Comprehensive: Protect your vehicle from damages from other sources when you buy this type of coverage. This includes protection from robbery, vandalism, and fire or flood damage. Uninsured Motorist: Thousands of drivers are breaking the law by driving without having the proper amount of insurance. This insurance will cover you if one of these drivers hit you. Under-Insured Motorist: Many drivers have liability insurance that might not be able to cover all the expenses they are supposed to take care of. Under-insured motorist coverage covers you in accidents involving those drivers. Other kinds of coverage, like car rental, are also available. Your car insurance payments vary by company and will depend on several factors, including: * What coverage you select * The type of the vehicle you drive * Your driving record * Your age, gender and marital status * The place where you live Many people think of car insurance as a necessary evil, but it can save you from a financial crisis. Review your needs, research your options, and with the guidance of your insurance agent, choose the option that best suits you. Auto Insurance Clermont

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