CAR ACCIDENTS IN US: The Basics in Car Accident Insurance

Being involved in a car accident [1] is a traumatic experience. Aside
from the physical injury that you have to endure, there are various
expenses to be paid.

But why worry; there is a car accident [2] insurance company that will
handle it.

Do I need car insurance?

Certainly, you need car insurance.

Driving without car insurance is illegal. But, there is more to this.
Having car insurance will protect you financially from any future
liability. Car insurance is considered as one of the most expensive
aspects of owning a car but it is also the most important.

Buying a car insurance policy is like having a contract between you
and your insurance company. You promise to pay money and they promise
to pay car related expenses within the period of the policy.

What are the types of car insurance policies?

There are many types of car insurance coverage available. Some are
required while others are optional. Knowing the different kinds of
coverage is the first thing to do so that you will know what can fully
protect your interest.

The following are the different types of car insurance coverage:

• Liability Coverage – Most states require this kind of
coverage. It pays to bodily injury and property damage caused to
others. Bodily injury pays to other people's injuries including
medical expenses, loss of wages and pain and suffering.

• Personal Injury Protection – This is one of the optional
coverage. This coverage pays your medical expenses including your
passengers at the time of the accident [3]. It differs to liability
coverage because it pays no matter whose at fault in the accident [4].

• Collision – This type pays for the damage to your car in
colliding with other vehicle or object. This type of coverage is
optional.

What is the extent of liability coverage?

Liability coverage pays only for bodily injury and property damage to
others when you are at fault and it only pays to the extent of your
dollar limits. Therefore, if your expenses are higher than your limit
then you will be financially responsible for it.

However, liability coverage does not protect you from your own loses.

Factors that affects rates

Car insurance policy rates are based on many factors. The premium paid
reflects factors such as, age, gender, driving record and many others.
However, the common factors that are universally applicable are the
following:

• Age - Statistics show that drivers below 30 years old are most
likely to be involved in a car accident [5]. Therefore, younger
drivers are charged with higher rates.

• Gender – Same as age, statistics show that men drivers are
involved in more accidents than the rest of the population. Therefore,
they are charged more than anybody is.

• The type of car – The more expensive your car is, the higher
its rate. This is because these types of vehicles are more likely to
be stolen and to cause much when repaired.

• Your location – Insurance companies also consider your
location. Heavily populated areas tend to have higher number of
accidents.

• Driving pattern – The more you use your car, the higher the
rate because there is more risk of being involved in an accident [6].

Buying car insurance is expensive. Therefore, it is important to
compare the policies in terms of price, coverage, exclusions and the
reputation of the insurance company.

However, you must bear some car accident [7] insurance problems that
might occur. With the help [8] of a personal injury lawyer, you will
be able to resolve these issues.

Our professional car accident lawyers are well adept in dealing with
car accident insurance problems. For reliable assistance, log on to
our website and fill out our free case evaluation form.

Maribel Roncales, once aspired to become one of the member of the
elite force in the military before she pursue her law studies. Her
exposure in writing starts during her high school days. For now, she
is pursuing her dream to become a lawyer while working as a writer in
a Los Angles based law firm.

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CAR ACCIDENTS IN US

Thứ Bảy, 25 tháng 9, 2010

The Basics in Car Accident Insurance

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