The FarReaching Benefits of Your Homeowners Insurance Policy

The amount of drivers on the road increases every year. As this number goes up, the possibility of accidents also goes up. If you get in a car wreck, the car insurance you have 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 buy? Car accidents can result in a variety of different expenses, which can all be paid for based on the type of coverage you own. Your state or province definitely mandates some type of car insurance. By not purchasing insurance, you risk having to pay the total cost of the harm or injury you cause others. Liability: Personal injury and property damage that you are responsible for will be covered under liability insurance. Damages from bodily injury include medical fees, lost wages, and pain and suffering. Property damage can refer to damaged property or loss of use of property. If you are in legal trouble, liability insurance can pay for your defense and court costs. Recommended, higher levels of liability insurance are available that take care of more than the lower, state-mandated insurance. Personal Injury Protection: Personal injury insurance is required 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. This insurance may also cover lost earnings, replacement of services and funeral costs. The minimum amount of this insurance is typically set by local government. Medical Payments: This type of coverage can be purchased in states that are not considered no-fault and will pay no matter who is responsible for the accident. It pays for an insured person's necessary medical and funeral expenses for bodily injury from an accident. Collision: Pays for damages to your car caused by an accident. Comprehensive: This type of insurance protection takes care of all damages not caused by a collision. This may include weather damage, vandalism, and burglary. Uninsured Motorist: Pays for damages when someone with insurance is injured in an accident caused by a driver who does not have liability insurance or by a hit-and-run driver. Under-Insured Motorist: There are other drivers who have liability insurance that might not be able to cover all the expenses they are responsible for. Under-insured motorist coverage covers you in accidents involving those drivers. Other types of coverage, including car rental and emergency road service, are also available. State Farm Clermont

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