Financial Security and Your Home Insurance Coverage

Each year, more cars and drivers hit the roads. With the increasing number of vehicles on the road, accidents will happen. If you get in a car wreck, the car insurance you have can make a big difference in how much you have to pay. But why is insurance necessary and just how much do you need? Mandated coverage varies based on the state/province but typically includes the following: Liability: Liability pays for the expenses you have caused to others in a car accident, including property damage and injury. Damages from bodily injury include medical expenses, and lost wages. Property damage can refer to car repair costs or loss of use of property. If you are sued, it also pays your legal fees. State laws typically mandate standard amounts of liability insurance, but larger 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 and other people in your car, no matter who was responsible for the crash. It is required in some states and optional in others. This insurance can also pay for lost earnings, service replacement and funeral costs. The minimum amount of personal injury protection is usually set by local government. Medical Payments: Medical payment coverage can be purchased in non-no-fault states; it will pay despite who carries responsibility for a crash. All reasonable medical or funeral expenses will be covered under this type of coverage. Collision: Damages that occur from a car accident will be covered under this kind of insurance. Comprehensive: This kind of insurance protection takes care of all damages not caused by a collision. This may include fire and wind damage, vandalism, and burglary. Uninsured Motorist: Thousands of drivers are breaking the law by driving without owning the proper amount of auto insurance. This insurance will cover you if you are in a collision with one of these drivers. Under-Insured Motorist: Many drivers have liability insurance that can't pay for all the expenses they are supposed to take care of. Under-insured motorist coverage protects you in accidents involving those drivers. Other policies, including emergency road service, are also available. Your car insurance payments vary by company and will depend on multiple factors, including: *Your selected coverage *Your vehicle's make and model * Whether or not you have been in an accident * Your age, gender and marital status * The place where you live Don't wait around to buy car insurance; you should never be on the road without it. Review your needs, do your research , and with the help of your insurance agency, make the decision that best suits you. Auto Insurance Clermont