Insurance and What It Means To You

auto insurance Sigourney IA There are more cars on the road every year. As this number increases, the possibility of accidents also increases. If you get in a car crash, the auto insurance you own can make a large difference in the experience you have. How can you decide what type of insurance you need and how to buy it? Mandated coverage varies by state/province but typically includes the following: Liability: Personal injury and property damage that you are responsible for will be paid for under this type of insurance. Bodily injury damages can 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. Local laws typically require standard amounts, but larger amounts can be purchased and are extremely helpful. 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. The minimum amount of this insurance is usually set by local government. Medical Payments: Medical payment coverage can be purchased in states that are not considered no-fault and will pay no matter who is responsible for the accident. It pays for an insured person’s necessary medical and funeral expenses for bodily injury from an accident. Collision: Pays for damage to your car caused by a collision. Comprehensive: Cover your car from all non-collision damages when you buy this type of coverage. This may include protection from robbery, vandalism, and weather damage. Uninsured Motorist: If you are hit by an uninsured driver or a hit-and-run driver, this type of insurance will protect you. Under-Insured Motorist: Pays for damages when a driver with insurance is injured in an accident caused by a driver who does not have enough liability insurance to pay for the total cost of the damages. Emergency road service, car rental, and other types of coverage can also be purchased. What you pay for car insurance varies by company and will depend on several factors, including: * Which policies you choose * The make and model of the car you own * Whether or not you have been in an accident * Your age, gender and marital status * Where you live Many people don’t want to pay for auto insurance, but it is honestly something you don’t want to live without. Evaluate your needs, do your research , and with the guidance of your insurance agent, make the decision that fits you best.