renters insurance Mount Airy NC Every year, more automobiles and drivers hit the roads. As this number increases, the chances of a car collision will also increase. Car insurance can make the difference between a small inconvenience and a large trial. But why is insurance required by law and just how much should you get? Car crashes can lead to many different expenses, which your insurance can pay for based on the type of coverage you have purchased. Every state and province mandates automobile insurance by law. By not owning insurance, you run the risk of having to pay the total cost of the harm you cause others. Liability: Personal injury and property damage that you are responsible for will be covered under this type of insurance. Bodily injury damages include medical expenses, and lost wages. Property damage includes damaged property and loss of use of property. It can also cover your defense and court costs if you are sued. Local laws typically mandate standard amounts of liability insurance, but larger amounts are available and very beneficial. Personal Injury Protection: Personal injury insurance is mandated in some states and is optional in others. It pays you or your passengers for medical treatment resulting from a crash, regardless of who may have been at fault, and is often called no-fault coverage. Local government typically sets minimum amounts. Medical Payments: Medical payment coverage can be purchased in non-no-fault states; it will pay regardless of who carries responsibility for a collision. All reasonable medical or funeral expenses will be covered under this type of coverage. Collision: This pays for damage to your vehicle caused by an accident. Comprehensive: This type of insurance covers all damages not caused by a collision. This could include fire and wind damage, vandalism, and robbery. Uninsured Motorist: If you are in an accident with an uninsured driver, this type of insurance coverage will protect you. Under-Insured Motorist: Just like uninsured motorist protection, this type of insurance covers you from people driving without enough insurance protection. Other types of coverage, like car rental and emergency road service, are also available. What you pay for car insurance varies by company and will depend on several factors, including: *Your desired coverage *Your vehicle’s make and model * Whether or not you have been in an accident * Your age, gender and marital status * The place where you live Don’t procrastinate buying auto insurance; you shouldn’t be on the road without it. Evaluate your needs, do your research , and with the guidance of your insurance agent, make the decision that best suits you.
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