Written on May 7, 2013 – 1:39 am | by admin |
commercial insurance South Lyon MI There are more cars and drivers hitting the road every year. With so many vehicles on the road, crashes can happen. Automobile insurance can make the difference between a minor setback and a large hassle. How can you determine what type of insurance you need and where you should go to buy it? Required coverage varies by state/province but typically includes the following: Liability: Liability pays for damages due to personal injury and property damage to others when you are responsible. Damages from bodily injury can include medical expenses, lost wages, and pain and suffering. Property damage can refer to damaged property or loss of use of property. If you are in legal trouble, liability insurance will pay for your court costs. State laws typically mandate standard 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 or other people in your car, regardless of who was at fault in the crash. It is occasionally called no-fault coverage. This insurance may also pay for lost earnings, replacement of services and funeral costs. The minimum amount of this insurance is usually set by the state. Medical Payments: Medical payment coverage can be purchased in non-no-fault states; it pays despite who may have been at fault. All necessary medical or funeral expenses will be covered under this type of policy. Collision: This pays for damages to your vehicle caused by a collision. Comprehensive: This type of insurance covers any damages not caused by a collision. This could include hail damage, vandalism, and burglary. Uninsured Motorist: If you are in an accident with an uninsured driver, this type of insurance coverage will protect you. Under-Insured Motorist: This pays for collision expenses when a driver with insurance is injured in an accident caused by a driver who does not have the right amount of insurance to pay for the total amount of the damages. Emergency road service, car rental, and other types of car insurance can also be purchased. What you pay for car insurance varies by company and will depend on several factors, such as: * What coverage you select * The make and model of the vehicle you own * Whether or not you have been in an accident * Your age, gender and marital status * The place where you live Many drivers don’t want to pay for car insurance, but it is truly something you don’t want to live without. Review your needs, do your research , and with the support of your insurance agency, make the decision that best suits you.