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Auto Insurance Basics

The number of cars on the road increases each and every year. This could lead to an increased likelihood of a collision for you and your family. Automobile insurance can make the difference between a small setback and a major trial. So how can you figure out which type of insurance you need and how much you should buy? Required coverage varies based on the state/province but typically includes the following: Liability: This type of insurance coverage can pay for the damage that you have caused. These damages might include bodily injury, and property damage. Damages from bodily injury include medical fees, and lost wages. Property damage can refer to damaged property and loss of property use. It also covers your defense and court costs if you are sued. Recommended, higher levels of liability insurance are available that take care of more events than the lower, state-mandated insurance. Personal Injury Protection: This is mandated in some states and is optional in others. Sometimes referred to as no-fault coverage, this pays the medical treatment for you or your passengers regardless of who was at fault. This insurance can also cover lost wages, replacement of services and funeral costs. Local law typically sets minimum amounts. Medical Payments: This type of coverage is available in non-no-fault states and will pay regardless of who is responsible for an accident. If this policy has been purchased, the insured person will receive coverage for necessary medical or funeral costs. Collision: This pays for damage to your vehicle caused by an accident. Comprehensive: This type of insurance protection covers any non-collision damages. This may include fire damage, vandalism, and burglary. Uninsured Motorist: If you are hit by an uninsured driver or a hit-and-run driver, this type of insurance coverage will make sure you are covered. Under-Insured Motorist: This pays for damages when an insured person is injured in an accident caused by a driver who does not have the right amount of insurance to cover the full amount of the damages. Other kinds of coverage, including emergency road service and car rental, can also be purchased. Auto Insurance Quotes Clermont

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