life insurance El Paso IL There are more drivers hitting the road each year. As this number increases, the possibility of accidents also increases. If you get in a car accident, the auto insurance you own can make a large difference in how much you have to pay. So how can you figure out which type of insurance you need and how much you should buy? Coverage requirements will differ by state/province, but usually include the following: Liability: Liability pays for expenses due to bodily injury and property damage to others when you are responsible. Damages from bodily injury can include medical expenses, and lost wages. Property damage includes damaged property and loss of property use. It can also cover your legal fees if you are sued. Local laws usually require standard amounts of liability insurance, but higher amounts are available and very beneficial. Personal Injury Protection: This 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 law usually sets minimum amounts. Medical Payments: Medical payment coverage can be purchased in non-no-fault states; it will pay regardless of who may be responsible. If you buy this type of coverage, you will receive coverage for all types of medical or funeral expenses. Collision: Damages that occur from a car accident will be covered under this kind of insurance. Comprehensive: Cover your car from all non-collision damages by purchasing this type of insurance. This may include protection from robbery, vandalism, and fire or flood damage. Uninsured Motorist: Pays for repair and replacement costs when someone with insurance is injured in a crash caused by a driver who does not have liability coverage. Under-Insured Motorist: Many drivers have liability insurance that can’t cover all the expenses they are supposed to take care of. This type of insurance protects you from those drivers. Other policies, including car rental and emergency road service, are also available.
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