Insurance and How It Helps You

Auto Insurance Belleville ON We see more cars on the road each year. As this number increases, the chances of a car wreck will also increase. The difference between a little aggravation and large obstacle can be car insurance. But why is insurance necessary and just how much do you need? Your car insurance may be able to pay for car crash expenses ranging from car repairs to legal fees. Every state and province requires car insurance by law. Deciding to drive without insurance could mean you have to repair or replace a stolen or damaged vehicle or pay the cost of all the damage for which you might be responsible. Liability: Pays for damages due to bodily injury and damage to property that you have caused. It also covers your legal fees if you are sued. Local laws usually require minimum amounts, but larger amounts are available and usually recommended. Personal Injury Protection: This type of insurance pays for hospital bills and other medical treatment for you or your passengers, regardless of who was responsible for the collision. It is required in some states and optional in others. It may also cover lost wages, service replacement and funeral expenses. Local government usually sets minimum amounts. 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. This insurance will pay for all insured person’s reasonable medical or funeral expenses resulting from an accident. Collision: Pays for damage to your car caused by a collision. Comprehensive: This applies if your car is stolen or damaged by causes other than an accident, including fire, wind, hail, flood or vandalism. Uninsured Motorist: Pays for damages when an insured person is injured in an accident caused by a driver who does not have insurance. Under-Insured Motorist: Similar to uninsured coverage, this kind of insurance protects you against people driving without enough insurance coverage. Emergency road service, car rental, and other types of car insurance can also be purchased. What you pay for auto insurance varies based on the company and will depend on multiple factors, including: * Which policies you select * The type of the car you own * Your driving record * Your age, sex and marital status * The place where you live Many people think of auto insurance as a necessary evil, but it can rescue your finances. Review your needs, do your research , and with the guidance of your insurance agency, choose the option that best suits you.