The FarReaching Benefits of Your Homeowners Insurance Policy

Each year, more automobiles and drivers hit America's roads. As this number increases, the chances of a car collision will also go up. Automobile insurance can make the difference between a small setback and a major hassle. So how do you know what insurance you need and how much you should buy? Mandated 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 might include personal injury, and property damage. Bodily injury damages include medical expenses, and lost wages. Property damage includes car repair costs or loss of use of property. If you are in legal trouble, liability insurance can pay for your legal fees. State laws usually mandate minimum amounts, but higher amounts are available and very beneficial. Personal Injury Protection: Personal injury protection pays for the medical treatment for you and your passengers, regardless of who was responsible for the collision. It is sometimes called no-fault coverage. The minimum amount of this insurance is typically set by the state. Medical Payments: Medical payment coverage is available in non-no-fault states; it pays despite who carries responsibility for a crash. If this policy has been bought, the insured person will receive payment for necessary medical and funeral expenses. Collision: This pays for damage to your car caused by a collision. Comprehensive: This applies if your car is stolen or damaged by something other than a wreck, including fire, wind, hail, flood or vandalism. Uninsured Motorist: This pays for damages when someone with insurance is injured in an accident 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 can't pay for all the expenses they are supposed to take care of. Under-insured motorist coverage covers you from those drivers. Other types of coverage, including emergency road service, are also available. Your auto insurance payments vary by company and will depend on several factors, including: *Your selected coverage *Your vehicle's make and model * Your driving record * Your age, gender and marital status * Where you live Many people think they can get by without car insurance, but it is truly something you don't want to live without. Review your needs, do your research , and with the guidance of your insurance agency, make the decision that fits you best. Car Insurance Groveland