Financial Security and Your Home Insurance Policy
The amount of cars on the road increases every year. With countless vehicles on the road, accidents can happen. If you get in a car accident, the auto insurance you own can make a large difference in what happens next. How can you determine what insurance you need and how to purchase it? 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 bodily injury, and property damage. If you are in legal trouble, liability insurance can pay for your legal fees. State laws typically require standard amounts, but higher amounts can be purchased and are usually recommended. Personal Injury Protection: Personal injury insurance is mandated in some states and is optional in others. It pays you or your passengers for medical treatment resulting from a crash, regardless of who may have been at fault, and is often called no-fault coverage. State law typically sets minimum amounts. Medical Payments: Medical payment coverage is available in states that are not considered no-fault; it pays regardless of who may be responsible. If you purchase this type of coverage, you will receive coverage for necessary medical or funeral expenses. Collision: Damages that occur from a car accident will be paid for under this type of insurance. Comprehensive: Cover your vehicle from damages from other sources when you buy this type of insurance. This may include protection from robbery, vandalism, and weather damage. Uninsured Motorist: If you are in an accident with an uninsured driver, this type of insurance will make sure you are covered. Under-Insured Motorist: Many drivers have liability insurance that can't pay for all the expenses they are supposed to take care of. This type of insurance protects you from those drivers. Emergency road service, car rental, and other types of car insurance can also be purchased. What you pay for auto insurance varies by company and will depend on several factors, including: *Your desired coverage *Your vehicle's make and model * Your driving record * Your age, sex and marital status * Where you live Many people consider auto insurance to be a necessary evil, but it can save you from a financial crisis. Evaluate your needs, do your research , and with the help of your insurance agency, choose the option that fits you best. Auto Insurance Clermont