You will see more cars on the road every year. This could lead to an increased likelihood of a car accident. Automobile insurance can make the difference between a small setback and a major hassle. So how can you find out what insurance you need and the quantity you should purchase? Mandated coverage varies by state/province but usually includes the following: Liability: This kind of insurance will pay for the damage that you have caused. These damages can include bodily injury, and property damage. Bodily injury damages include medical expenses, lost wages, and pain and suffering. Property damage can refer to damaged property and loss of use of property. If you are in legal trouble, liability insurance can pay for your defense and court costs. Recommended, higher levels of liability insurance can be purchased that cover more than the stripped-down, state-mandated insurance. Personal Injury Protection: This type of insurance pays for the medical treatment for you and your passengers, no matter who was at fault in the accident. It is occasionally referred to as no-fault coverage. The minimum amount of personal injury protection is typically set by the state. Medical Payments: Medical payment coverage can be purchased in states that are not considered no-fault; it will pay regardless of who carries responsibility for a crash. If you purchase this type of coverage, you will receive coverage for all types of medical and funeral expenses. Collision: Pays for damages to your vehicle caused by a collision. Comprehensive: This kind of insurance covers any damages not caused by a collision. This may include flood damage, vandalism, and theft. Uninsured Motorist: If you are in an accident with an uninsured driver, this type of insurance will protect you. Under-Insured Motorist: Pays for collision expenses when a driver with insurance is injured in an accident caused by another person who does not have enough liability insurance to pay for the total amount of the damages. Emergency road service, car rental, and other types of coverage can also be purchased. Condo Insurance Mississauga ON
↧