Auto Insurance Burlington ON Each year, more cars and drivers travel the roads. As this number goes up, the chances of a car wreck will also go up. If you get in a car accident, the car insurance you own can make a large difference in the experience you have. But why is insurance required by law and just how much should you get? Auto insurance protects you by covering the cost of damage or injury you inflict on others while you are driving, damage to your vehicle or personal injury or injury to your passengers from an accidents, plus certain other incidents, such as robbery. Automobile insurance is required by state law. By not owning insurance, you risk having to pay the total cost of the harm or injury you cause others. Liability: It pays for the expenses you have caused to others in a car accident, including property damage and injury. Damages from bodily injury include medical fees, lost wages, and pain and suffering. Property damage includes damaged property and loss of use of property. It also covers your legal fees if you are sued. State laws typically require standard amounts, but larger amounts are available and usually recommended. Personal Injury Protection: Personal injury insurance is required 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. It may also cover lost wages, service replacement and funeral expenses. State government typically sets minimum amounts. Medical Payments: This coverage is available in non-no-fault states; it will pay regardless of who carries responsibility for a crash. All reasonable medical or funeral expenses will be paid for under this type of policy. Collision: This pays for damage to your vehicle caused by a collision. Comprehensive: Protect your vehicle from damages from other sources by purchasing this type of coverage. This can include protection from theft, vandalism, and weather damage. Uninsured Motorist: If you are hit by a driver without insurance or a hit-and-run driver, this type of insurance will protect you. Under-Insured Motorist: This pays for collision expenses when an insured person is injured in an accident caused by another person who does not have the right amount of insurance to cover the full cost of the damages. Other types of coverage, like car rental, are also available. What you pay for car insurance varies by company and will depend on multiple factors, such as: * Which policies you choose * The type of the vehicle you own * Whether or not you have been in an accident * Your age, gender and marital status * Where you live Many people think of car insurance as a necessary evil, but it can rescue your finances. Evaluate your needs, research your options, and with the support of your insurance agency, make the decision that fits you best.
↧