Financial Security and Your Insurance Policy

There are more drivers on the road every year. With so many vehicles on the road, accidents can happen. Automobile insurance can be the difference between a minor setback and a major hassle. How can you determine what insurance you require and where you should go to buy it? Insurance requirements vary by state/province, but usually include the following: Liability: Personal injury and property damage that you have caused will be covered under this type of insurance. Damages from bodily injury can include medical expenses, lost wages, and pain and suffering. Property damage includes damaged property or loss of property use. If you are sued, it also pays your defense and court costs. Recommended, more comprehensive levels of insurance can be purchased that take care of more events than the stripped-down, state-mandated insurance. Personal Injury Protection: This type of insurance pays for all medical treatment for you and other people in your car, no matter who was at fault in the crash. It is occasionally referred to as no-fault coverage. It can also pay for lost earnings, service replacement and funeral expenses. State law usually sets minimum amounts. Medical Payments: Medical payment coverage can be purchased in states that are not considered no-fault; it will pay regardless of who may have been at fault. If this type of coverage has been bought, the insured person will receive payment for reasonable medical and funeral expenses. Collision: This pays for damage to your vehicle caused by an accident. Comprehensive: Cover your vehicle from all non-collision damages by purchasing this type of coverage. This can include protection from robbery, vandalism, and weather damage. Uninsured Motorist: This pays for damages when someone with insurance is injured in a crash caused by another person who does not have liability coverage. Under-Insured Motorist: Similar to uninsured coverage, this kind of insurance covers you from drivers without enough insurance protection. Emergency road service, car rental, and other types of coverage can also be purchased. Golf Cart Insurance Clermont