Valley Business Connections

Insurance and You

Every year, more automobiles and drivers hit America's roads. As this number goes up, the possibility of accidents also goes up. If you get in a car accident, the car insurance you own can make a large difference in what happens next. How can you determine what insurance you require and how to purchase it? Insurance requirements vary by state/province, but typically include the following: Liability: Pays for damages due to personal injury and property damage to others that you are responsible for. It can also cover your legal fees if you are sued. Local laws typically mandate standard amounts, but larger amounts can be purchased and are usually recommended. Personal Injury Protection: This 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. This insurance may also cover lost wages, service replacement and funeral expenses. The minimum amount of personal injury protection is usually set by the state. Medical Payments: This type of coverage can be purchased in non-no-fault states and will pay no matter who is responsible for the accident. If this type of coverage is bought, the insured person will receive payment for all types of medical or funeral expenses. Collision: Pays for damages to your vehicle caused by a collision. Comprehensive: Applies if your vehicle is stolen or damaged by causes other than a wreck, including fire, wind, hail, flood or vandalism. Uninsured Motorist: Pays for damages when someone with insurance is injured in a crash caused by another person who does not have liability coverage. Under-Insured Motorist: Similar to uninsured coverage, this type of insurance covers you from drivers without enough insurance coverage. Other kinds of car insurance, including emergency road service, can also be purchased. Your car insurance payments varies based on the company and will depend on multiple factors, including: *Your selected coverage *Your vehicle's make and model * Whether or not you have been in an accident * Your age, sex and marital status * Where you live Some have consider car insurance as a necessary evil, but it is something you will need if you are ever in an accident. Review your needs, research your options, and with the support of your insurance agent, make the decision that best suits you. Car Insurance Quotes Clermont

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