Financial Security and Your Home Insurance Coverage

You will see more and more cars on the road every year. With the increasing number of vehicles on the road, accidents will happen. If you get in a car crash, the car insurance you own can make a large difference in how much you have to pay. So how can you find out what insurance you need and the quantity you should buy? Insurance requirements will differ by state/province, but typically include the following: Liability: This type of insurance will pay for the damage that you have caused. These damages may include personal injury, and property damage. Bodily injury damages include medical expenses, lost wages, and pain and suffering. Property damage can refer to car repair costs or loss of property use. If you are in legal trouble, it also pays your court costs. State laws typically mandate minimum amounts of liability insurance, but higher amounts can be purchased and are usually recommended. Personal Injury Protection: This type of insurance pays for hospital bills and other medical treatment for you or other people in your car, no matter who was responsible for the crash. It is commonly called no-fault coverage. The minimum amount of this insurance is typically set by the state. Medical Payments: Medical payment coverage is available in states that are not considered no-fault; it pays despite who carries responsibility for a collision. All reasonable medical or funeral expenses will be paid for under this type of policy. Collision: This pays for damages to your car caused by an accident. Comprehensive: Applies if your car is stolen or damaged by causes other than a wreck, including weather damage or vandalism. Uninsured Motorist: If you are in an accident with a driver without insurance or a hit-and-run driver, this type of insurance will protect you. Under-Insured Motorist: Similar to uninsured motorist protection, this type of insurance protects you against people driving without enough insurance protection. Emergency road service, car rental, and other varieties of coverage can also be purchased. Auto Insurance Clermont