Purchasing Home Insurance About More Than Money

Each year, more cars and drivers travel America's roads. This could lead to an increased likelihood of a collision for you and your family. Car insurance can be the difference between a minor inconvenience and a large hassle. But why do you need to own insurance and just how much should you buy? Car accidents can lead to a variety of different expenses, which can all be paid for based on the insurance policy you own. Without insurance, you risk having to pay the total price of the harm you cause others. Liability: Pays for damages due to bodily injury and property damage to others that you have caused. It can also cover your defense and court costs if you are sued. State laws typically mandate minimum amounts, but larger amounts can be purchased and are very beneficial. Personal Injury Protection: Personal injury protection pays for the medical treatment for you and your passengers, regardless of who was at fault in the crash. It is required in some states and optional in others. This insurance may also pay for lost wages, replacement of services and funeral expenses. State government typically sets minimum amounts. Medical Payments: Medical payment coverage can be purchased in non-no-fault states; it pays regardless of who may have been at fault. If this policy is bought, the insured person will receive payment for all types of medical and funeral expenses. Collision: Pays for damage to your car caused by an accident. Comprehensive: Applies if your car is stolen or damaged by causes other than an accident, including weather damage or vandalism. Uninsured Motorist: If you are in an accident with a driver without insurance or a hit-and-run driver, this type of insurance coverage will make sure you are covered. 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 pay for the full amount of the damages. Other types of coverage, such as emergency road service and car rental, can also be purchased. State Farm Clermont