Buying Homeowners Insurance About More Than Money

There are more cars and drivers hitting the road each year. As this number goes up, the chances of a car accident will also go up. If you get in a car wreck, the car insurance you have can make a large difference in how much you have to pay. So how do you know which type of insurance you need and how much you should buy? Coverage requirements vary by state/province, but usually include the following: Liability: Bodily injury and property damage that you have caused will be paid for under this type of insurance. Damages from bodily injury can include medical fees, and lost wages. Property damage can refer to car repair costs or loss of property use. If you are in legal trouble, it also pays your legal fees. State laws usually mandate standard amounts of liability insurance, but larger amounts are available and very beneficial. Personal Injury Protection: Personal injury protection pays for all medical treatment for you and other people in your car, no matter who was responsible for the accident. It is occasionally called no-fault coverage. It can also cover lost wages, replacement of services and funeral expenses. The minimum amount of personal injury protection is usually set by the state. Medical Payments: Medical payment coverage is available in non-no-fault states and will pay no matter who is responsible for the accident. It pays for all insured person's reasonable and necessary medical and funeral expenses for bodily injury from an accident. Collision: Damages that occur from a collision will be paid for under this kind of insurance. Comprehensive: This kind of insurance protection covers all damages not caused by a collision. This could include flood damage, vandalism, and burglary. Uninsured Motorist: Pays for damages when someone with insurance is in an accident caused by another person who does not have liability coverage. Under-Insured Motorist: Pays for damages when an insured person is in an accident caused by another person who does not have enough liability insurance to cover the full cost of the damages. Other kinds of coverage, such as emergency road service and car rental, can also be purchased. State Farm Agent Clermont