Financial Security and Your Insurance Coverage

Each year, more automobiles and drivers hit the highways. As this number increases, the possibility of accidents also increases. If you get in a car crash, the auto insurance you own can make a large difference in the experience you have. How can you decide what type of insurance you need and how to buy it? Your car insurance may be able to pay for car crash expenses ranging from hospital bills to legal fees. Your state or province certainly mandates some type of auto insurance. Without insurance, you risk having to pay the full cost of the harm or injury you cause others. Liability: This type of insurance will pay for the damage that you are responsible for. These damages might include bodily injury, and property damage. Bodily injury damages include medical fees, lost wages, and pain and suffering. Property damage can refer to damaged property and loss of use of property. If you are sued, liability insurance will pay for your legal fees. Recommended, more comprehensive levels of insurance can be purchased that take care of more events than the stripped-down, state-mandated insurance. Personal Injury Protection: Personal injury insurance is required in some states and is optional in others. Sometimes referred to as no-fault coverage, this pays the medical treatment for you or your passengers regardless of who was at fault. The minimum amount of personal injury protection is typically set by the state. Medical Payments: This type of coverage is available in non-no-fault states and will pay no matter who is responsible for the accident. All necessary medical or funeral expenses will be paid for under this type of coverage. Collision: Damages that occur from a collision will be paid for under this type of car insurance. Comprehensive: This type of insurance protection takes care of any damages not caused by a collision. This may include fire and wind damage, vandalism, and theft. Uninsured Motorist: If you are hit by a driver without insurance, this type of insurance will make sure you are covered. Under-Insured Motorist: There are other drivers who have liability insurance that can't cover all the expenses they are responsible for. This type of insurance covers you in accidents involving those drivers. Other policies, including emergency road service, are also available. Auto Insurance Clermont