Karen Knowler Blog

The FarReaching Benefits of Your Homeowners Insurance Policy

There are more cars and drivers on the road each year. As this number increases, the possibility of accidents also increases. The difference between a little aggravation and major pain can be your car insurance. But why do you need insurance and just how much should you get? Required coverage varies based on the state/province but usually includes the following: Liability: This type of insurance coverage will pay for the damage that you have caused. These damages can include bodily injury, and property damage. It also covers your legal fees if you are sued. Recommended, more comprehensive levels of liability insurance can be purchased that take care of more than the lower, state-mandated insurance. Personal Injury Protection: This type of insurance pays for the medical treatment for you and other people in your car, no matter who was at fault in the accident. It is mandated in some states and optional in others. This insurance can also pay for lost wages, service replacement and funeral costs. State government usually sets minimum amounts. Medical Payments: Medical payment coverage is available in non-no-fault states; it will pay regardless of who carries responsibility for a collision. If you buy this type of coverage, you will receive coverage for all types of medical and funeral costs. Collision: Damages resulting from a collision will be paid for under this type of car insurance. Comprehensive: Cover your car from damages from other sources when you buy this type of coverage. This may include protection from theft, vandalism, and fire or flood damage. Uninsured Motorist: This pays for damages when someone with insurance is injured in a crash caused by a driver who does not have liability insurance or by a hit-and-run driver. Under-Insured Motorist: Many drivers have liability insurance that might not be able to pay for all the expenses they are supposed to take care of. Under-insured motorist coverage protects you in accidents involving those drivers. Other types of car insurance, like car rental, can also be purchased. What you pay for auto insurance varies based on the company and will depend on multiple factors, including: * What coverage you choose * The make and model of the car you own * Whether or not you have been in an accident * Your age, sex and marital status * The place where you live Don't wait around to buy car insurance; you shouldn't be on the road without it. Review your needs, research your options, and with the help of your insurance agent, choose the option that fits you best. State Farm Clermont