Financial Security and Your Home Insurance Policy

Every year, more drivers travel the highways. As this number increases, the chances of a car collision will also increase. The difference between a little aggravation and large obstacle can be your car insurance. So how do you know what insurance you need and how much you should buy? Your insurance may be able to pay for the expenses from a car crash ranging from hospital bills to replacement costs. Car insurance is mandated by state law. Choosing to drive without owning insurance could cause you to repair or replace a stolen or damaged vehicle or pay the cost of any damage for which you might be responsible. Liability: Personal injury and property damage that you have caused will be covered under this type of insurance. Damages from bodily injury include medical expenses, lost wages, and pain and suffering. Property damage can refer to car repair costs or loss of use of property. If you are sued, this type of insurance can pay for your legal fees. Recommended, more comprehensive levels of insurance can be purchased that take care of more than the lower, state-mandated varieties. Personal Injury Protection: This type of insurance pays for all medical treatment for you or other people in your car, regardless of who was responsible for the accident. It is mandated in some states and optional in others. It can also cover lost wages, service replacement and funeral expenses. State law typically sets minimum amounts. Medical Payments: This coverage can be purchased in states that are not considered no-fault; it will pay despite who may have been at fault. If you purchase this type of coverage, you will receive coverage for necessary medical or funeral expenses. Collision: This pays for damage to your vehicle caused by an accident. Comprehensive: This kind of insurance covers any damages not caused by a collision. This may include fire damage, vandalism, and theft. Uninsured Motorist: This pays for damages when an insured person is injured in a crash caused by another person who does not have insurance. Under-Insured Motorist: Many drivers have liability insurance that can't cover all the expenses they are responsible for. This type of insurance covers you in accidents involving those drivers. Emergency road service, car rental, and other varieties of coverage can also be purchased. Golf Cart Insurance Clermont