Insurance and What It Means To You

There are more cars hitting the road every year. This could lead to an increased likelihood of a car accident. Automobile insurance can make the difference between a minor setback and a major trial. But why is insurance required by law and just how much do you need? Coverage requirements will differ by state/province, but typically include the following: Liability: This type of insurance will pay for the damage that you are responsible for. These damages can include personal injury, and property damage. Damages from bodily injury can include medical expenses, and lost wages. Property damage can refer to damaged property or loss of use of property. If you are sued, liability insurance can pay for your legal fees. State laws typically require standard amounts of liability insurance, but larger amounts are available and extremely helpful. Personal Injury Protection: This type of insurance pays for the medical treatment for you or other people in your car, no matter who was responsible for the crash. It is occasionally 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 this type of coverage is purchased, the insured person will receive coverage for all types of medical or funeral expenses. Collision: Damages resulting from a car accident will be covered under this type of insurance. Comprehensive: This type of insurance takes care of all damages not caused by a collision. This may include hail damage, vandalism, and burglary. Uninsured Motorist: This pays for repair and replacement costs when someone with insurance is in an accident caused by another person who does not have insurance. Under-Insured Motorist: This pays for damages when an insured person is in an accident caused by another person who does not have the right amount of insurance to cover the full amount of the damages. Other kinds of car insurance, like emergency road service and car rental, are also available. Auto Insurance Quotes Clermont