How Does Car Insurance Work? | Kenan Biel

Insurance London On The amount of cars on the road increases each and every year. As this number increases, the chances of a car accident will also go up. If you get in a car wreck, the auto insurance you have can make a large difference in what happens next. But why do you need insurance and just how much should you buy? Auto insurance provides you with protection from paying for damage caused to your car or someone else?s car and injury to other people, yourself, or your passengers, plus certain other occurrences, such as theft. No matter where you live, you are required to buy some variety of auto insurance. Choosing to drive without owning insurance could cause you to repair or replace a stolen or damaged vehicle or pay the cost of all the damage that you may have caused. Liability: Personal injury and property damage that you are responsible for will be paid for under this type of insurance. Bodily injury damages can include medical fees, and lost wages. Property damage includes car repair costs or loss of use of property. If you are in legal trouble, it also pays your legal fees. Local laws usually mandate standard amounts of liability insurance, but higher amounts can be purchased and are very beneficial. Personal Injury Protection: This 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. Local government usually sets minimum amounts. Medical Payments: Medical payment coverage can be purchased in non-no-fault states; it pays regardless of who carries responsibility for a crash. If this type of coverage is bought, the insured person will receive coverage for reasonable medical or funeral expenses. Collision: This pays for damages to your car caused by a collision. Comprehensive: Cover your car from all non-collision damages by purchasing this type of insurance. This can include protection from theft, vandalism, and weather damage. Uninsured Motorist: If you are in an accident with a driver without insurance, this type of insurance coverage will make sure you are covered. Under-Insured Motorist: Just like uninsured coverage, this kind of insurance protects you against drivers without enough insurance protection. Other types of coverage, including car rental, are also available.

Source: http://kenanbiel.com/how-does-car-insurance-work-3/

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