The amount of drivers on the road increases each and every year. As this number increases, the possibility of accidents also increases.
Car insurance can be the difference between a small setback and a large hassle. So how do you know which type of insurance you need and how much to buy? Car accidents can result in many different expenses, which your insurance can pay for based on the type of insurance you own.
Without insurance, you risk having to pay the full cost of the harm you cause others. Liability: Pays for damages due to personal injury and property damage to others that you have caused. Bodily injury damages include medical fees, lost wages, and pain and suffering. Property damage can refer to damaged property or loss of property use. It also covers your defense and court costs if you are sued.
Recommended, higher levels of insurance can be purchased that cover more events than the lower, state-mandated insurance. Personal Injury Protection: Personal injury insurance is mandated in some states and is optional in others. Sometimes referred to as no-fault coverage, this pays the medical treatment for you or your passengers regardless of who was at fault. This insurance may also pay for lost earnings, replacement of services and funeral costs. State government usually sets minimum amounts. Medical Payments: This coverage is available in non-no-fault states; it will pay despite who carries responsibility for a collision. All necessary medical or funeral expenses will be covered under this type of policy. Collision: Damages resulting from a collision will be covered under this kind of insurance. Comprehensive: Cover your vehicle from damages from other sources when you buy this type of insurance. This may include protection from robbery, vandalism, and fire or flood damage. Uninsured Motorist: Pays for damages when someone with insurance is in a crash caused by a driver who does not have liability insurance or by a hit-and-run driver. Under-Insured Motorist: There are other drivers who have liability insurance that can’t pay for all the expenses they are responsible for. This type of insurance covers you from those drivers.
Emergency road service, car rental, and other varieties of car insurance can also be purchased. Your auto insurance payments varies based on the company and will depend on several factors, including: * Which policies you select * The make and model of the vehicle you drive * Your driving record * Your age, gender and marital status * Where you live Some have come to think of auto insurance as a necessary evil, but it is something you will need if you are ever in an accident. Review your needs, do your research , and with the guidance of your insurance agent, make the decision that fits you best. long term care san jose