Purchasing Homeowners Insurance It's Not About The Money

Every year, more automobiles and drivers hit the roads. This could lead to an increased likelihood of a collision. If you get in a car wreck, the auto insurance you own can make a large difference in how much you have to pay. But why do you need insurance and just how much do you need? Your insurance may be able to pay for car crash expenses ranging from hospital bills to replacement costs. By not owning insurance, you run the risk of having to pay the full cost of the harm you cause others. Liability: Liability pays for the expenses you have caused to others in a car accident, including property damage and injury. If you are in legal trouble, it also pays your court costs. State laws usually mandate minimum amounts, but larger amounts can be purchased and are usually recommended. 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. State government usually sets minimum amounts. Medical Payments: Medical payment coverage can be purchased in states that are not considered no-fault; it will pay despite who carries responsibility for a crash. It pays for all insured person's reasonable medical and funeral expenses resulting from a crash. Collision: Damages that occur from a collision will be paid for under this type of insurance. Comprehensive: This applies if your vehicle is stolen or damaged by causes other than a wreck, including fire, wind, hail, flood or vandalism. Uninsured Motorist: Too many drivers are ignoring the law by driving a car without having the proper amount of auto insurance. This type of coverage will protect you if you are in an accident with one of these drivers. Under-Insured Motorist: Pays for damages when a driver with insurance is in a crash caused by another person who does not have enough liability insurance to pay for the total cost of the damages. Other types of car insurance, such as emergency road service and car rental, can also be purchased. What you pay for auto insurance varies by company and will depend on several factors, including: *Your selected coverage *Your vehicle's make and model * Your driving record * Your age, sex and marital status * Where you live Many people consider auto insurance to be a necessary evil, but it can rescue your finances. Evaluate your needs, research your options, and with the support of your insurance agency, make the decision that fits you best. State Farm Clermont