Different Auto Insurance Policies

business insurance Florence SC The number of cars on the road increases each and every year. With countless vehicles on the road, accidents will happen. The difference between a little bother and large pain can be your insurance. How can you decide what insurance you need and how you can purchase it? Required coverage varies based on the state/province but typically includes the following: Liability: This kind of insurance can pay for the damage that you are responsible for. These damages may include bodily injury, and property damage. It can also cover your legal fees if you are sued. Recommended, more comprehensive levels of insurance are available that take care of more than the stripped-down, state-mandated insurance. Personal Injury Protection: Personal injury insurance is mandated in some states and is optional in others. It pays you or your passengers for medical treatment resulting from a crash, regardless of who may have been at fault, and is often called no-fault coverage. It can also cover lost wages, service replacement and funeral expenses. Local law typically sets minimum amounts. Medical Payments: This coverage can be purchased in states that are not considered no-fault; it will pay regardless of who carries responsibility for an accident. If you purchase this type of coverage, you will receive payment for all types of medical and funeral expenses. Collision: Damages that occur from a collision will be covered under this kind of car insurance. Comprehensive: This applies if your car 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 or a hit-and-run driver, this type of insurance will make sure you are covered. Under-Insured Motorist: This pays for collision expenses when a driver with insurance is in a crash caused by a driver who does not have the right amount of insurance to cover the total cost of the damages. Emergency road service, car rental, and other varieties of car insurance can also be purchased. What you pay for car insurance varies based on the company and will depend on several factors, including: * Which policies you select * The make and model of the car you drive * Whether or not you have been in an accident * Your age, gender and marital status * Where you live Many people think they can get by without auto insurance, but it is honestly 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.