Financial Security and Your Insurance Policy

There are more cars and drivers on the road every year. This could lead to a higher possibility of a car accident for you and your family. Car insurance can make the difference between a minor setback and a major trial. How can you determine what insurance you need and how you can purchase it? Car insurance protects you by paying for injury or damage you inflict on others while you are driving, damage to your car or personal injury or injury to your passengers from an accidents, and certain other situations, such as robbery. Every state and province requires automobile insurance by law. By not purchasing insurance, you run the risk of having to pay the full cost of any harm you cause others or of repairing or replacing your car if it is damaged or stolen. Liability: This type of insurance coverage will pay for the damage that you have caused. These damages might include bodily injury, and property damage. Bodily injury damages include medical expenses, and lost wages. Property damage can refer to damaged property and loss of use of property. It can also cover your defense and court costs if you are sued. State laws typically require minimum amounts of liability insurance, but higher amounts are available and extremely helpful. Personal Injury Protection: This type of insurance pays for all medical treatment for you or your passengers, regardless of who was responsible for the collision. It is mandated in some states and optional in others. This insurance may also pay for lost wages, service replacement and funeral costs. State law typically sets minimum amounts. Medical Payments: Medical payment coverage can be purchased in non-no-fault states; it will pay regardless of who may have been at fault. All reasonable medical or funeral expenses will be covered under this insurance coverage. Collision: Damages resulting from a car accident will be covered under this type of insurance. Comprehensive: Applies if your car is stolen or damaged by causes other than a collision, including weather damage or vandalism. Uninsured Motorist: Pays for damages when an insured person is in a crash caused by another person who does not have insurance. Under-Insured Motorist: Pays for damages when an insured person is in a crash caused by another person who does not have the right amount of insurance to pay for the total amount of the damages. Other policies, such as car rental and emergency road service, are also available. Auto Insurance Clermont