Comprehensive Insurance Policies
homeowners insurance Galion OH Every year, more automobiles and drivers are on the highways. This can lead to a higher possibility of a car accident. Car insurance can be the difference between a small setback and a major hassle. But why do you need insurance and just how much do you need? Coverage requirements vary by state/province, but typically include the following: Liability: Bodily injury and property damage that you are responsible for will be paid for under this type of insurance. Bodily injury damages include medical expenses, and lost wages. Property damage includes car repair costs or loss of property use. 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 events than the stripped-down, state-mandated insurance. Personal Injury Protection: This 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. The minimum amount of personal injury protection is typically set by the state. Medical Payments: This type of coverage can be purchased in states that are not considered no-fault and will pay no matter who is responsible for the accident. This insurance will pay for an insured person’s reasonable medical or funeral expenses resulting from an accident. Collision: Damages resulting from a car accident will be covered under this type of insurance. Comprehensive: This applies if your vehicle is stolen or damaged by something other than a collision, including weather damage or vandalism. Uninsured Motorist: If you are hit by an uninsured driver, this type of insurance will make sure you are covered. Under-Insured Motorist: Pays for damages when a driver with insurance is in an accident caused by another person who does not have enough liability insurance to cover the full cost of the damages. Other types of car insurance, like car rental, can also be purchased. Your car insurance payments vary by company and will depend on several factors, such as: * Which policies you choose * The make and model of the vehicle you own * Whether or not you have been in an accident * Your age, sex and marital status * Where you live Don’t wait around to buy auto insurance; you should never drive a car without it. Evaluate your needs, research your options, and with the guidance of your insurance agent, make the decision that best suits you.