Financial Security and Your Insurance Coverage

You will see more and more drivers on the road every year. This can lead to a higher possibility of a collision. If you get in a car wreck, the auto insurance you have can make a large difference in how much you have to pay. How can you determine what type of insurance you need and where you should go to buy it? Insurance requirements vary by state/province, but typically include the following: Liability: Liability pays for expenses due to personal injury and damage to property that you have caused. Bodily injury damages can include medical fees, lost wages, and pain and suffering. Property damage includes car repair costs or loss of use of property. If you are in legal trouble, it also pays your legal fees. Recommended, higher levels of liability insurance can be purchased that take care of more events than the lower, state-mandated insurance. Personal Injury Protection: This is mandated in some states and is optional in others. Sometimes referred to as no-fault coverage, this pays the medical treatment for you or your passengers regardless of who was at fault. Local law typically sets minimum amounts. Medical Payments: This coverage is available in states that are not considered no-fault; it will pay despite who carries responsibility for a collision. It pays for all insured person's reasonable and necessary medical or funeral expenses for bodily injury from a crash. Collision: Damages resulting from a collision will be covered under this kind of insurance. Comprehensive: Protect your car from damages from other sources by purchasing this type of insurance. This may include protection from burglary, vandalism, and fire or flood damage. 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: Pays for damages when a driver with insurance is injured in an accident caused by another person who does not have enough liability insurance to pay for the full amount of the damages. Other types of coverage, like car rental, are also available. What you pay for auto insurance varies based on the company and will depend on multiple factors, including: *Your desired coverage *Your vehicle's make and model * Whether or not you have been in an accident * Your age, sex and marital status * Where you live Don't wait around to buy auto insurance; you should never be on the road without it. Review your needs, research your options, and with the help of your insurance agency, make the decision that fits you best. Car Insurance Quotes Clermont