You will see more cars on the road each year. As this number goes up, the chances of a car accident will also go up. Car insurance can be the difference between a minor setback and a major hassle. So how do you know what insurance you need and the quantity you should buy? Auto insurance protects you by paying for injury or damage you cause others while you are driving, damage to your vehicle or injury to you or your passengers from a crash, plus certain other situations, such as theft.
By not purchasing insurance, you risk having to pay the total price of any harm or injury you cause others or of repairing or replacing your vehicle if it is damaged or stolen. Liability: Personal injury and property damage that you have caused will be paid for under this type of insurance. If you are sued, it also pays your court costs.
Recommended, higher levels of insurance are available that cover more events than the stripped-down, state-mandated insurance. Personal Injury Protection: This type of insurance pays for hospital bills and other medical treatment for you or other people in your car, regardless of who was at fault in the accident. It is occasionally referred to as no-fault coverage. The minimum amount of personal injury protection is typically set by the state. Medical Payments: This 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 reasonable medical or funeral costs. Collision: This pays for damage to your vehicle caused by a collision. Comprehensive: This applies if your vehicle is stolen or damaged by something other than a collision, including weather damage or vandalism. Uninsured Motorist: If you are hit by an uninsured driver or a hit-and-run driver, this type of insurance coverage will protect you. Under-Insured Motorist: Many drivers have liability insurance that might not be able to pay for all the expenses they are responsible for. This type of insurance protects you from those drivers.
Other types of coverage, including emergency road service, can also be purchased. Business Insurance Franklin WI