Insurance and You

Written by admin April 20th, 2014

Every year, more cars and drivers hit the roads. As this number increases, the chances of a car collision will also go up. If you get in a car crash, [...]

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Every year, more cars and drivers hit the roads. As this number increases, the chances of a car collision will also go up. If you get in a car crash, the car insurance you own can make a large difference in the experience you have. How can you decide what insurance you need and where you should go to buy it? Car insurance provides you with protection from covering the cost of damage caused to your vehicle or someone else’s vehicle and injury to others, yourself, or your passengers, plus specific other occurrences, such as theft.

Electing to drive without owning insurance could cause you to repair or replace a stolen or damaged vehicle or pay the cost of all the damage that you may have caused. Liability: This kind of insurance can pay for the damage that you have caused. These damages may include bodily injury, and property damage. Bodily injury damages can include medical fees, lost wages, and pain and suffering. Property damage includes damaged property and loss of property use. It can also cover your defense and court costs if you are sued.

State laws typically require standard amounts of liability insurance, but larger amounts can be purchased and are very beneficial. Personal Injury Protection: This is required 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 this insurance is typically set by local government. Medical Payments: Medical payment coverage is available in states that are not considered no-fault; it pays despite who carries responsibility for a collision. It pays for an insured person’s reasonable medical or funeral expenses resulting from an accident. Collision: Pays for damage to your vehicle caused by a collision. Comprehensive: This kind of insurance protection covers any non-collision damages. This may include hail damage, vandalism, and theft. Uninsured Motorist: Pays for damages when an insured person is in a crash caused by another person who does not have liability insurance or by a hit-and-run driver. Under-Insured Motorist: Just like uninsured motorist protection, this kind of insurance covers you from drivers without sufficient insurance protection.

Other types of coverage, such as car rental, are also available. State Farm Deerfield

Posted in Insurance Brokers

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