Global Supporter

What is Automobile Insurance?

The number of cars and drivers on the road increases every year. With so many vehicles on the road, crashes can happen. If you get in a car crash, the car insurance you own can make a large difference in what happens next. How can you decide what insurance you require and how to purchase it? Insurance requirements vary by state/province, but typically include the following: Liability: It pays for expenses due to personal injury and damage to property that you have caused. Bodily injury damages include medical fees, and lost wages. Property damage includes car repair costs or loss of use of property. It can also cover your legal fees if you are sued. State laws typically mandate minimum amounts, but higher amounts are available and usually recommended. Personal Injury Protection: Personal injury insurance is required 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 pay for lost wages, service replacement and funeral costs. State law typically sets minimum amounts. Medical Payments: This type of coverage can be purchased in states that are not considered no-fault and will pay regardless of who is responsible for an accident. All reasonable medical or funeral expenses will be covered under this type of coverage. Collision: Damages that occur from a collision will be covered under this type of car insurance. Comprehensive: This type of insurance protection takes care of all non-collision damages. This may include flood damage, vandalism, and burglary. Uninsured Motorist: Pays for repair and replacement costs when an insured person is in an accident caused by a driver who does not have liability insurance or by a person who cannot be identified (typically a hit-and-run driver). Under-Insured Motorist: Many drivers have liability insurance that might not be able to 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, such as car rental, are also available. Your car insurance payments varies based on the company and will depend on several factors, including: * Which policies you choose * The type 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 people think of car insurance as a necessary evil, but it can save you from a financial fiasco. Evaluate your needs, do your research , and with the help of your insurance agency, make the decision that fits you best. Golf Cart Insurance Clermont