Buying Insurance It's Not About The Money

Each year, more cars hit our roads and freeways. With the increasing number of vehicles on the road, accidents are going to happen. The difference between a little aggravation and major obstacle can be your car insurance. But why do you need insurance and just how much should you purchase? Mandated coverage varies by state/province but typically includes the following: Liability: This type of insurance can pay for the damage that you are responsible for. These damages may include bodily injury, and property damage. Bodily injury damages include medical fees, and lost wages. Property damage can refer to car repair costs and loss of use of property. It also covers your defense and court costs if you are sued. State laws typically mandate minimum amounts, but higher amounts can be purchased and are extremely helpful. Personal Injury Protection: This type of insurance pays for all medical treatment for you or other people in your car, no matter who was at fault in the crash. It is required in some states and optional in others. This insurance may also cover lost earnings, service replacement and funeral expenses. State government typically sets minimum amounts. Medical Payments: This coverage is available in states that are not considered no-fault; it will pay despite who carries responsibility for an accident. This insurance will pay for an insured person's necessary medical or funeral expenses for bodily injury from a crash. Collision: Pays for damage to your car caused by a collision. Comprehensive: This type of insurance protection covers any damages not caused by a collision. This could include weather damage, vandalism, and robbery. Uninsured Motorist: Many drivers are ignoring the law by driving a car without having the right amount of insurance. This type of coverage will cover you if you are in an accident with one of these drivers. Under-Insured Motorist: Pays for collision expenses when a driver with insurance is injured in a crash caused by a driver who does not have the right amount of insurance to cover the total amount of the damages. Other policies, including car rental, are also available. Your car insurance payments vary by company and will depend on several factors, such as: *Your selected coverage *Your vehicle's make and model * Whether or not you have been in an accident * Your age, gender and marital status * Where you live Many people think of car insurance as a necessary evil, but it can rescue your finances. Evaluate your needs, research your options, and with the support of your insurance agent, choose the option that fits you best. State Farm Clermont

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