Financial Security and Your Insurance Policy

Every year, more cars and drivers travel the roads. This can lead to a higher possibility of a collision. If you get in a car wreck, the auto insurance you own can make a large difference in how much you have to pay. So how do you know what type of car insurance you need and how much to buy? Coverage requirements vary by state/province, but typically include the following: Liability: This kind of insurance coverage can pay for the damage that you are responsible for. These damages might include bodily injury, and property damage. Bodily injury damages can include medical expenses, and lost wages. Property damage includes damaged property or loss of use of property. If you are sued, it also pays your legal fees. Recommended, higher levels of liability insurance can be purchased that take care of more than the lower, state-mandated insurance. Personal Injury Protection: Personal injury insurance is mandated in some states and is optional in others. It pays you or your passengers for medical treatment resulting from a crash, regardless of who may have been at fault, and is often called no-fault coverage. It may also cover lost wages, replacement of services and funeral expenses. The minimum amount of personal injury protection is typically set by the state. Medical Payments: This coverage is available in non-no-fault states; it pays regardless of who carries responsibility for an accident. This insurance will pay for an insured person's reasonable medical or funeral expenses for bodily injury from a crash. 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 weather damage or vandalism. Uninsured Motorist: Many drivers are ignoring the law by driving without purchasing the right amount of auto insurance. This insurance will protect you if you are in a collision with one of these irresponsible drivers. Under-Insured Motorist: Many drivers have liability insurance that can't cover all the expenses they are supposed to take care of. Under-insured motorist coverage covers you in accidents involving those drivers. Other policies, including car rental, are also available. Golf Cart Insurance Clermont