Buying Insurance It's Not About The Money

You will see more and more cars on the road every year. This could lead to a higher possibility of a car accident. Automobile insurance can make the difference between a minor inconvenience and a large hassle. But why do you need insurance and just how much do you need? Mandated coverage varies based on the state/province but usually includes the following: Liability: This type of insurance coverage will pay for the damage that you have caused. These damages can include bodily injury, and property damage. Bodily injury damages include medical fees, and lost wages. Property damage can refer to damaged property or loss of use of property. If you are sued, it also pays your defense and court costs. Recommended, more comprehensive levels of insurance are available that cover more events than the lower, state-mandated insurance. Personal Injury Protection: This is mandated in some states and is optional in others. It pays you or your passengers for medical treatment resulting from a crash, regardless of who may have been at fault, and is often called no-fault coverage. The minimum amount of this insurance is typically set by the state. Medical Payments: This coverage is available in states that are not considered no-fault; it will pay despite who may have been at fault. If you buy this type of coverage, you will receive coverage for reasonable medical and funeral expenses. Collision: Pays for damage to your vehicle caused by an accident. Comprehensive: Applies if your vehicle is stolen or damaged by something other than a collision, including weather damage or vandalism. Uninsured Motorist: Thousands of drivers are ignoring the law by driving without owning the right amount of car insurance. This insurance will protect you if you are in a collision with one of these drivers. Under-Insured Motorist: Pays for damages when an insured person is in an accident caused by another person who does not have enough liability insurance to cover the total cost of the damages. Other types of coverage, including car rental, are also available. Car Insurance Groveland

[Top]