May 6, 2013
by admin •
Commercial Auto Insurance
insurance company Ferndale MI Each year, more automobiles and drivers are on the highways. With so many vehicles on the road, accidents can happen. If you get in a car crash, the auto insurance you have can make a big difference in how much you have to pay. But why do you need insurance and just how much do you need? Car insurance protects you by covering the cost of damage caused to your car or someone else’s car and injury to other people, yourself, or passengers in your car, plus certain other occurrences, such as robbery. Electing to drive without insurance could mean you have to repair or replace a stolen or damaged vehicle or pay the cost of any damage that you may have caused. Liability: Personal injury and property damage that you are responsible for will be covered under liability insurance. Damages from bodily injury can include medical fees, and lost wages. Property damage includes damaged property and loss of use of property. If you are sued, liability insurance will pay for your court costs. Recommended, higher levels of insurance are available that cover more events than the stripped-down, state-mandated insurance. Personal Injury Protection: Personal injury protection pays for hospital bills and other medical treatment for you or your passengers, no matter who was responsible for the collision. It is commonly called no-fault coverage. This insurance can also pay for lost wages, replacement of services and funeral expenses. State law typically sets minimum amounts. Medical Payments: Medical payment coverage is available in non-no-fault states and will pay no matter who is responsible for the accident. All reasonable medical or funeral expenses will be paid for under this type of coverage. Collision: Damages resulting from a collision will be paid for under this kind of insurance. Comprehensive: Applies if your car is stolen or damaged by causes other than a wreck, including weather damage or vandalism. Uninsured Motorist: This pays for repair and replacement costs when someone with insurance is injured in an accident caused by a driver who does not have insurance. Under-Insured Motorist: Just like uninsured motorist protection, this kind of insurance covers you from drivers without enough insurance protection. Other policies, including emergency road service, are also available. Your auto insurance payments varies based on the company and will depend on several factors, including: * What coverage you choose * The make and model of the car you own * Your driving record * Your age, gender and marital status * Where you live Many people think of auto insurance as a necessary evil, but it can save you from a financial crisis. Evaluate your needs, research your options, and with the help of your insurance agency, make the decision that best suits you.