Buying Insurance: About More Than Money

condo insurance Gunnison CO There are more cars hitting the road each year. As this number goes up, the possibility of accidents also goes up. The difference between a little bother and large obstacle can be car insurance. How can you determine what insurance you need and how you can purchase it? Car accidents can lead to many different expenses, which can all be paid for based on the insurance policy you own. Making the decision to drive without insurance could mean you have to repair or replace a stolen or damaged vehicle and pay the cost of any damage that you may have caused. Liability: It pays for the expenses you have caused to others in a car collision, including injury and property damage. Bodily injury damages can include medical expenses, and lost wages. Property damage can refer to car repair costs and loss of use of property. If you are sued, it also pays your legal fees. Recommended, higher levels of insurance can be purchased that take care of more than the lower, state-mandated insurance. Personal Injury Protection: This type of insurance pays for the medical treatment for you and your passengers, regardless of who was responsible for the crash. It is mandated in some states and optional in others. The minimum amount of this insurance is usually set by the state. Medical Payments: This type of coverage is available in states that are not considered no-fault and will pay regardless of who is responsible for an accident. This insurance will pay for all insured person’s reasonable medical and funeral expenses for bodily injury from an accident. Collision: Pays for damages to your car caused by an accident. Comprehensive: Cover your car from all non-collision damages when you buy this type of coverage. This includes protection from theft, vandalism, and weather damage. Uninsured Motorist: Too many drivers are breaking the law by driving a car without purchasing the right amount of insurance. This type of coverage will protect you if you are in an accident with one of these irresponsible drivers. Under-Insured Motorist: There are other drivers who have liability insurance that might not be able to cover all the expenses they are responsible for. Under-insured motorist coverage covers you in accidents involving those drivers. Other policies, like emergency road service, are also available. Your car insurance payments vary by company and will depend on multiple factors, such as: * What coverage you choose * The make and model of the car you own * Whether or not you have been in an accident * Your age, gender and marital status * The place where you live Many drivers may not want to pay for auto insurance, but it is truly something you don’t want to live without. Evaluate your needs, do your research , and with the help of your insurance agent, make the decision that fits you best.