What is Auto Insurance?

There are more cars hitting the road each year. With countless vehicles on the road, accidents will happen. Automobile insurance can make the difference between a minor setback and a major trial. How can you decide what insurance you need and how you can purchase it? Mandated coverage varies by state/province but typically includes the following: Liability: Personal injury and property damage that you are responsible for will be covered under liability insurance. Bodily injury damages include medical fees, and lost wages. Property damage can refer to car repair costs and loss of use of property. If you are in legal trouble, liability insurance will pay for your legal fees. State laws typically require minimum amounts, but higher amounts are available and extremely helpful. 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: Medical payment coverage is available in states that are not considered no-fault; it pays regardless of who may be responsible. If you purchase this type of coverage, you will receive coverage for reasonable medical or funeral costs. Collision: Damages resulting from a collision will be paid for under this kind of car insurance. Comprehensive: This applies if your car is stolen or damaged by something other than an accident, including fire, wind, hail, flood or vandalism. Uninsured Motorist: Thousands of drivers are breaking the law by driving without purchasing the right amount of auto insurance. This type of coverage will protect you if you are in a collision with one of these drivers. Under-Insured Motorist: Many drivers have liability insurance that can't pay for all the expenses they are supposed to take care of. Under-insured motorist coverage covers you in accidents involving those drivers. Other types of coverage, including car rental, are also available. Auto Insurance Clermont

Comments Off