Buying Insurance About More Than Money

There are more cars on the road every year. This could lead to a higher possibility of a collision. If you get in a car accident, the auto insurance you have can make a large difference in how much you have to pay. How can you determine what type of insurance you need and where you should go to buy it? Required coverage varies by state/province but typically includes the following: Liability: Pays for the expenses you have caused to others in a car collision, including property damage and injury. Bodily injury damages include medical expenses, lost wages, and pain and suffering. Property damage includes damaged property or loss of property use. It also covers your legal fees if you are sued. State laws typically require minimum amounts, but higher amounts can be purchased and are extremely helpful. Personal Injury Protection: This type of insurance pays for hospital bills and other medical treatment for you or your passengers, regardless of who was responsible for the collision. It is mandated in some states and optional in others. State law typically sets minimum amounts. Medical Payments: Medical payment coverage is available in states that are not considered no-fault and will pay no matter who is responsible for the accident. If you buy this type of coverage, you will receive coverage for reasonable medical or funeral expenses. Collision: Damages resulting from a collision will be paid for under this kind of insurance. Comprehensive: This applies if your vehicle is stolen or damaged by causes other than a collision, including weather damage or vandalism. Uninsured Motorist: This pays for repair and replacement costs when an insured person is in an accident caused by another person who does not have liability insurance or by a driver who cannot be identified (typically a hit-and-run driver). Under-Insured Motorist: This pays for collision expenses when an insured person is in an accident caused by another person who does not have enough liability insurance to pay for the total cost of the damages. Emergency road service, car rental, and other types of car insurance can also be purchased. State Farm Clermont

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