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driving your car; damage to your car or injury to
you or your passengers in your car from a crash; and
certain other occurrences such as theft and vandalism.
Without insurance, you risk having to pay the full
cost of any harm you cause others with your vehicle.
Coverage
requirements vary by province, but usually include
the following:
Liability:
It pays for damages due to bodily injury and property
damage to others for which you are responsible. Bodily
injury damages include medical expenses, lost wages
and pain and suffering. Property damage includes damaged
property and loss of use of property. State laws usually
mandate minimum amounts, but higher amounts are available
and usually recommended.
Personal
Injury Protection: This is required in many states.
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 pay for lost earnings, replacement of
services and funeral expenses. State law usually sets
minimum required amounts.
Medical
Payments: This coverage is available in some states
(usually the states without no-fault insurance), and
pays regardless of who may have been at fault. It
pays for an insured person's reasonable and necessary
medical and funeral expenses for bodily injury from
a crash.
Collision:
This pays for damage to your car caused by collision.
Comprehensive:
This pays for damage to your car caused by "Other
Than Collision"; including fire, wind, hail,
vandalism and animal strikes.
Uninsured
Motorist: This pays damages when an insured person
is injured in a crash caused by another person who
does not have liability insurance or by a hit and
run driver.
Underinsured
Motorist: This pays damages when an insured person
is injured in a crash caused by another person who
does not have enough liability insurance to cover
the full amount of the damages.
Auto
insurance premiums vary widely from company to company
and will depend on several factors, including:
What
coverage's you select; The make and model of the car
that you drive, your driving record, your age, sex,
and marital status and where you live.
Many
people think of auto insurance as a necessary evil
that can save your financial well being. Evaluate
your needs, do your research and make the decision
that best suits you. by: Peter Andrues
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