Financial Security and Your Homeowners Coverage

Each year, more automobiles and drivers travel the highways. As this number increases, the chances of a car collision will also increase. Automobile insurance can make the difference between a minor setback and a large trial. But why is insurance important and just how much should you buy? Coverage requirements will differ by state/province, but usually 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 can include medical expenses, lost wages, and pain and suffering. Property damage can refer to car repair costs and loss of property use. If you are sued, it also pays your defense and court costs. Recommended, higher levels of liability insurance are available that take care of more than the lower, state-mandated varieties. Personal Injury Protection: Personal injury protection pays for all medical treatment for you and other people in your car, no matter who was at fault in the collision. It is required in some states and optional in others. State government usually sets minimum amounts. Medical Payments: This coverage can be purchased in non-no-fault states; it pays despite who carries responsibility for a collision. This insurance will pay for all insured person's reasonable medical and funeral expenses resulting from an accident. Collision: Damages resulting from a collision will be covered under this type of car insurance. Comprehensive: Applies if your vehicle is stolen or damaged by something other than a wreck, including weather damage or vandalism. Uninsured Motorist: This pays for repair and replacement costs when an insured person is in an accident caused by a driver who does not have insurance. Under-Insured Motorist: Just like uninsured coverage, this type of insurance protects you against drivers without sufficient insurance coverage. Emergency road service, car rental, and other types of car insurance can also be purchased. What you pay for auto insurance varies based on the company and will depend on multiple factors, such as: * What coverage you select * The type of the vehicle you own * Whether or not you have been in an accident * Your age, gender and marital status * Where you live Some 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, research your options, and with the guidance of your insurance agency, choose the option that fits you best. Insurance Clermont