auto insurance Hanover Park The number of drivers on the road increases each and every year. As this number goes up, the possibility of accidents also goes up. Car insurance can be the difference between a small inconvenience and a major trial. So how do you know what insurance you need and how much you should buy? Coverage requirements will differ by state/province, but usually include the following: Liability: Personal injury and property damage that you have caused will be paid for under liability insurance. Bodily injury damages include medical expenses, lost wages, and pain and suffering. Property damage can refer to damaged property and loss of property use. If you are in legal trouble, it also pays your legal fees. Local laws usually mandate minimum amounts of liability insurance, but larger amounts are available and usually recommended. Personal Injury Protection: Personal injury protection pays for all medical treatment for you and other people in your car, no matter who was responsible for the collision. It is mandated in some states and optional in others. The minimum amount of personal injury protection is usually 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. If you buy this type of coverage, you will receive payment for all types of medical and funeral costs. Collision: Damages that occur from a car accident will be paid for under this kind of car insurance. Comprehensive: Cover your vehicle from damages from other sources when you buy this type of insurance. This includes protection from theft, vandalism, and weather damage. Uninsured Motorist: This pays for repair and replacement costs when someone with insurance is in an accident caused by another person who does not have insurance. Under-Insured Motorist: Many drivers have liability insurance that might not be able to cover all the expenses they are supposed to take care of. Under-insured motorist coverage protects you from those drivers. Other types of coverage, such as car rental, are also available. What you pay for auto insurance varies by company and will depend on multiple factors, such as: *Your selected coverage *Your vehicle’s make and model * Whether or not you have been in an accident * Your age, gender and marital status * Where you live Some people have come to think of auto insurance as a necessary evil, but it can truly save you from a financial disaster. Evaluate your needs, do your research , and with the support of your insurance agency, choose the option that best suits you.
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