Financial Security and Your Insurance Coverage

Every year, more automobiles and drivers travel our roads and freeways. With so many vehicles on the road, crashes will happen. If you get in a car accident, the auto insurance you own can make a large difference in what happens next. How can you decide what insurance you need and how you can buy it? Coverage requirements will differ by state/province, but typically include the following: Liability: Bodily injury and property damage that you are responsible for will be paid for under this type of insurance. If you are in legal trouble, it also pays your legal fees. Recommended, more comprehensive levels of insurance can be purchased that take care of more than the lower, state-mandated insurance. Personal Injury Protection: This is mandated 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. This insurance may also pay for lost earnings, service replacement and funeral costs. The minimum amount of this insurance is usually set by local government. Medical Payments: Medical payment coverage is available in states that are not considered no-fault and will pay no matter who is responsible for the accident. If this policy is bought, the insured person will receive coverage for necessary medical and funeral costs. Collision: Damages resulting from a collision will be paid for under this kind of insurance. Comprehensive: Applies if your vehicle is stolen or damaged by something other than a collision, including fire, wind, hail, flood or vandalism. Uninsured Motorist: This pays for repair and replacement costs when someone with insurance is in a crash caused by a driver who does not have liability insurance or by a person who cannot be identified (typically a hit-and-run driver). Under-Insured Motorist: This pays for collision expenses when a driver with insurance is in a crash caused by a driver who does not have the right amount of insurance to pay for the full cost of the damages. Other types of car insurance, like car rental, are also available. What you pay for car insurance varies based on the company and will depend on several factors, including: * Which policies you choose * The make and model of the vehicle you drive * Your driving record * Your age, sex and marital status * The place where you live Some people have consider car insurance as a necessary evil, but it can truly rescue you from a financial mess. Evaluate your needs, research your options, and with the guidance of your insurance agency, choose the option that best suits you. Insurance Clermont