Insurance and What It Means To You

Every year, more drivers hit the highways. With the increasing number of vehicles on the road, accidents are going to happen. The difference between a little bother and large obstacle can be the car insurance you have purchased. But why do you need to own insurance and exactly how much should you buy? Coverage requirements will differ by state/province, but typically include the following: Liability: Personal injury and property damage that you have caused will be covered under liability insurance. Bodily injury damages can include medical fees, and lost wages. Property damage can refer to damaged property or loss of use of property. It can also cover your legal fees if you are sued. Recommended, more comprehensive levels of insurance can be purchased that take care of more events than the stripped-down, state-mandated varieties. Personal Injury Protection: Personal injury protection pays for hospital bills and other medical treatment for you and your passengers, no matter who was responsible for the collision. It is commonly referred to as no-fault coverage. This insurance may also pay for lost earnings, replacement of services and funeral costs. State law typically sets minimum amounts. Medical Payments: Medical payment coverage is available in states that are not considered no-fault; it pays despite who carries responsibility for a crash. It pays for an insured person's reasonable medical and funeral expenses resulting from an accident. Collision: Damages that occur from a collision will be paid for under this type of car insurance. Comprehensive: This type of insurance covers any non-collision damages. This may include flood damage, vandalism, and robbery. Uninsured Motorist: Pays for damages when someone with insurance is injured in an accident caused by another person who does not have liability coverage. Under-Insured Motorist: Many drivers have liability insurance that can't pay for all the expenses they are supposed to take care of. This type of insurance covers you from those drivers. Emergency road service, car rental, and other types of car insurance can also be purchased. State Farm Clermont

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