Financial Security and Your Insurance Coverage

We see more cars on the road each year. This could lead to a higher possibility of a car accident. If you get in a car crash, the auto insurance you own can make a large difference in the experience you have. But why do you need insurance and just how much should you get? Insurance requirements will differ by state/province, but typically include the following: Liability: It pays for the expenses you are responsible for in a car collision, including property damage and injury. Damages from bodily injury include medical expenses, lost wages, and pain and suffering. Property damage includes damaged property and loss of use of property. If you are sued, it also pays your court costs. Recommended, more comprehensive levels of insurance are available that cover more events than the lower, state-mandated varieties. Personal Injury Protection: This type of insurance pays for the medical treatment for you and other people in your car, regardless of who was at fault in the accident. It is commonly referred to as no-fault coverage. The minimum amount of personal injury protection is usually set by the state. Medical Payments: This coverage can be purchased in states that are not considered no-fault; it pays despite who may be responsible. All necessary medical or funeral expenses will be paid for under this type of policy. Collision: Damages resulting from a car accident will be paid for under this type of car insurance. Comprehensive: This type of insurance covers any damages not caused by a collision. This may include fire and wind damage, vandalism, and theft. Uninsured Motorist: If you are in an accident with a driver without insurance, this type of insurance coverage will make sure you are covered. Under-Insured Motorist: This pays for damages when a driver with insurance is in an accident caused by another person who does not have enough liability insurance to pay for the total cost of the damages. Other types of coverage, such as emergency road service and car rental, are also available. Your auto insurance payments varies based on the company and will depend on multiple factors, such as: *Your selected coverage *Your vehicle's make and model * Whether or not you have been in an accident * Your age, sex and marital status * Where you live Some people have consider auto insurance as a necessary evil, but it is something you will need if you are ever in an accident. Evaluate your needs, do your research , and with the guidance of your insurance agency, choose the option that best suits you. Golf Cart Insurance Clermont