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Insurance and What It Means To You

There are more cars on the road every year. As this number goes up, the possibility of accidents also goes up. If you get in a car accident, the auto insurance you own can make a big difference in how much you have to pay. How can you determine what insurance you require and how to buy it? Car crashes can lead to many different expenses, which can all be paid for based on the type of coverage you own. By not owning insurance, you run the risk of having to pay the full price of the harm or injury you cause others or of repairing or replacing your vehicle if it is damaged or stolen. Liability: Liability pays for expenses due to bodily injury and damage to property for which you are responsible. Bodily injury damages can include medical fees, lost wages, and pain and suffering. Property damage can refer to car repair costs and loss of use of property. It also covers your legal fees if you are sued. Recommended, higher levels of liability insurance are available that take care of more events than the stripped-down, 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 responsible for the collision. It is required in some states and optional in others. It can also cover lost earnings, service replacement and funeral costs. Local law typically sets minimum amounts. Medical Payments: Medical payment coverage can be purchased in non-no-fault states and will pay regardless of who is responsible for an accident. If this policy is bought, the insured person will receive coverage for necessary medical and funeral costs. Collision: Damages resulting from a collision will be paid for under this kind of car insurance. Comprehensive: Cover your vehicle from all non-collision damages when you buy this type of coverage. This can include protection from burglary, vandalism, and weather damage. Uninsured Motorist: Many drivers are breaking the law by driving without owning the proper amount of car insurance. This type of coverage will cover you if you are in an accident with one of these drivers. Under-Insured Motorist: Pays for damages when an insured person is injured in an accident caused by a driver who does not have enough liability insurance to cover the full cost of the damages. Other policies, like car rental, are also available. State Farm Clermont