Buying Insurance More Than Just Money
The amount of cars on the road increases each and every year. This can lead to a higher possibility of a collision for you and your family. If you get in a car wreck, the car insurance you own can make a large difference in how much you have to pay. How can you decide what insurance you need and how to purchase it? Mandated coverage varies based on the state/province but typically includes the following: Liability: Liability pays for expenses due to personal injury and property damage to others for which you are responsible. Bodily injury damages include medical expenses, lost wages, and pain and suffering. Property damage can refer to damaged property and loss of property use. If you are in legal trouble, this type of insurance will pay for your court costs. Recommended, higher levels of liability insurance can be purchased that take care of more events than the stripped-down, state-mandated insurance. 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. This insurance can also cover lost earnings, replacement of services and funeral costs. State law typically sets minimum amounts. Medical Payments: Medical payment coverage can be purchased in non-no-fault states and will pay regardless of who is responsible for an accident. If this policy has been bought, the insured person will receive coverage for necessary medical or funeral costs. Collision: Damages resulting from a collision will be covered under this type of insurance. Comprehensive: Protect your vehicle from all non-collision damages when you buy this type of insurance. This may include protection from burglary, vandalism, and fire or flood damage. Uninsured Motorist: If you are in an accident with a driver without insurance, this type of insurance coverage will protect you. Under-Insured Motorist: Similar to uninsured coverage, this type of insurance covers you from people driving without enough insurance protection. Emergency road service, car rental, and other types of coverage can also be purchased. Your car insurance payments vary by company and will depend on multiple factors, including: * What coverage you select * The type of the vehicle you drive * Whether or not you have been in an accident * Your age, sex and marital status * The place where you live Many people think of car insurance as a necessary evil, but it can rescue your finances. Review your needs, research your options, and with the support of your insurance agent, make the decision that fits you best. Car Insurance Groveland