Financial Security and Your Insurance Policy
There are more cars hitting the road every year. As this number increases, the chances of a car collision will also increase. If you get in a car accident, the auto insurance you have can make a big difference in how much you have to pay. How can you decide what insurance you require and how you can purchase it? Your insurance may be able to pay for car crash expenses ranging from hospital bills to legal fees. Choosing to drive without owning insurance could mean you have to repair or replace a stolen or damaged vehicle or pay the cost of any damage for which you might be responsible. Liability: It pays for the expenses you have caused to others in a car accident, including property damage and injury. If you are sued, this type of insurance will pay for your court costs. Recommended, more comprehensive levels of liability insurance can be purchased that cover more events than the lower, state-mandated varieties. Personal Injury Protection: This type of insurance pays for hospital bills and other medical treatment for you or other people in your car, no matter who was at fault in the accident. It is sometimes called no-fault coverage. Local government typically sets minimum amounts. Medical Payments: Medical payment coverage is available in states that are not considered no-fault; it will pay despite who may be responsible. All reasonable medical or funeral expenses will be covered under this type of policy. Collision: Pays for damages to your vehicle caused by an accident. Comprehensive: This kind of insurance protection takes care of any damages not caused by a collision. This may include fire and wind damage, vandalism, and burglary. Uninsured Motorist: If you are in an accident with a driver without insurance, this type of insurance coverage will make sure you are covered. Under-Insured Motorist: Many drivers have liability insurance that can't cover all the expenses they are responsible for. Under-insured motorist coverage covers you from those drivers. Other kinds of car insurance, such as emergency road service, are also available. What you pay for auto insurance varies by company and will depend on multiple factors, including: * Which policies you choose * The make and model of the vehicle you own * Whether or not you have been in an accident * Your age, gender and marital status * The place where you live Many drivers don't want to pay for auto insurance, but it is truly something you don't want to live without. Evaluate your needs, research your options, and with the help of your insurance agent, make the decision that best suits you. State Farm Agent Clermont