Financial Security and Your Home Insurance Coverage

There are more cars on the road each year. With countless vehicles on the road, crashes can happen. Car insurance can be the difference between a small setback and a large trial. But why do you need insurance and just how much do you need? Required coverage varies by state/province but usually includes the following: Liability: This type of insurance can pay for the damage that you have caused. These damages can include bodily injury, and property damage. Bodily injury damages can include medical expenses, and lost wages. Property damage can refer to damaged property and loss of use of property. If you are in legal trouble, liability insurance will pay for your legal fees. Recommended, more comprehensive levels of liability insurance are available that take care of more than the stripped-down, state-mandated insurance. Personal Injury Protection: This is mandated 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. The minimum amount of personal injury protection is usually set by local government. Medical Payments: This type of coverage is available in non-no-fault states and will pay no matter who is responsible for the accident. If you buy this type of coverage, you will receive coverage for all types of medical or funeral expenses. Collision: This pays for damage to your vehicle caused by a collision. Comprehensive: This type of insurance protection takes care of any damages not caused by a collision. This could include flood damage, vandalism, and burglary. Uninsured Motorist: If you are in an accident with a driver without insurance, this type of insurance will protect you. Under-Insured Motorist: Similar to uninsured motorist protection, this type of insurance covers you from drivers without enough insurance protection. Other types of coverage, like emergency road service and car rental, are also available. Golf Cart Insurance Clermont

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