Insurance and What It Means To You

There are more cars and drivers hitting the road each year. With so many vehicles on the road, crashes can happen. Car insurance can make the difference between a minor setback and a major trial. But why do you need to own insurance and just how much should you purchase? Coverage requirements will differ by state/province, but typically include the following: Liability: Pays for the expenses you have caused to others in a car collision, including injury and property damage. If you are in legal trouble, liability insurance can pay for your legal fees. Recommended, more comprehensive levels of insurance are available that take care of more than the lower, state-mandated varieties. Personal Injury Protection: This type of insurance pays for all medical treatment for you and other people in your car, no matter who was at fault in the crash. It is occasionally referred to as no-fault coverage. This insurance may also cover lost wages, replacement of services and funeral costs. State government typically sets minimum amounts. Medical Payments: Medical payment coverage is available in non-no-fault states and will pay regardless of who is responsible for an accident. It pays for an insured person's reasonable and necessary medical and funeral expenses resulting from a crash. Collision: This pays for damages to your car caused by a collision. Comprehensive: This kind of insurance takes care of any non-collision damages. This may include hail damage, vandalism, and burglary. Uninsured Motorist: If you are in an accident with an uninsured driver or a hit-and-run driver, this type of insurance will protect you. Under-Insured Motorist: Just like uninsured coverage, this kind of insurance covers you from drivers without enough insurance coverage. Other types of coverage, including car rental and emergency road service, are also available. State Farm Clermont