Financial Security and Your Homeowners Coverage

Every year, more automobiles and drivers hit our roads and freeways. As this number increases, the possibility of accidents also increases. Car insurance can make the difference between a small inconvenience and a large hassle. How can you determine what insurance you require and how you can purchase it? Insurance requirements will differ by state/province, but usually include the following: Liability: Personal injury and property damage that you have caused will be covered under liability insurance. Bodily injury damages include medical expenses, lost wages, and pain and suffering. Property damage includes car repair costs or loss of use of property. It also covers your defense and court costs if you are sued. Local laws usually require minimum amounts, but higher amounts can be purchased and are extremely helpful. Personal Injury Protection: This type of insurance pays for hospital bills and other medical treatment for you or other people in your car, regardless of who was responsible for the collision. It is sometimes called no-fault coverage. It may also pay for lost wages, replacement of services and funeral expenses. Local law usually sets minimum amounts. Medical Payments: Medical payment coverage is available in states that are not considered no-fault and will pay regardless of who is responsible for an accident. If this type of coverage has been purchased, the insured person will receive coverage for necessary medical or funeral expenses. Collision: Pays for damages to your vehicle caused by an accident. Comprehensive: Protect your vehicle from all non-collision damages by purchasing this type of coverage. This includes protection from burglary, vandalism, and weather damage. Uninsured Motorist: Many drivers are breaking the law by driving without owning the right amount of auto insurance. This insurance will protect you if you are in a collision with one of these drivers. Under-Insured Motorist: Pays for damages when an insured person is in a crash caused by a driver who does not have enough liability insurance to pay for the full cost of the damages. Other policies, such as car rental, are also available. State Farm Agent Clermont