Insurance and You

Each year, more cars and drivers hit the highways. As this number goes up, the chances of a car wreck will also increase. Automobile insurance can be the difference between a small inconvenience and a large hassle. So how can you figure out which type of insurance you need and how much to buy? Car accidents can result in many different expenses, which your car insurance can pay for based on the insurance policy you have purchased. Deciding to drive without insurance could cause you to repair or replace a stolen or damaged vehicle and pay the cost of all the damage that you may have caused. Liability: Liability pays for the expenses you have caused to others in a car accident, including injury and property damage. It also covers your legal fees if you are sued. Local laws usually require minimum amounts of liability insurance, but higher amounts are available and very beneficial. Personal Injury Protection: Personal injury protection pays for all medical treatment for you and other people in your car, regardless of who was at fault in the accident. It is sometimes referred to as no-fault coverage. It may also pay for lost wages, service replacement and funeral costs. The minimum amount of this insurance is typically set by the state. Medical Payments: Medical payment coverage can be purchased in states that are not considered no-fault; it pays despite who may be responsible. If this type of coverage has been purchased, the insured person will receive coverage for necessary medical and funeral costs. Collision: Damages resulting from a car accident will be covered under this type of car insurance. Comprehensive: This type of insurance takes care of any non-collision damages. This may include flood damage, vandalism, and burglary. Uninsured Motorist: Many drivers are breaking the law by driving without having the proper amount of auto insurance. This insurance will cover you if one of these irresponsible drivers hit you. Under-Insured Motorist: Similar to uninsured coverage, this type of insurance protects you against people driving without sufficient insurance coverage. Emergency road service, car rental, and other varieties of coverage can also be purchased. Your auto insurance payments vary by company and will depend on multiple factors, including: *Your desired coverage *Your vehicle's make and model * Whether or not you have been in an accident * Your age, sex and marital status * Where you live Many people consider auto insurance to be a necessary evil, but it can rescue your finances. Evaluate your needs, research your options, and with the guidance of your insurance agent, choose the option that fits you best. Auto Insurance Clermont