Financial Security and Your Home Insurance Coverage

There are more cars and drivers on the road every year. As this number goes up, the chances of a car collision will also increase. If you get in a car accident, the car insurance you have can make a big difference in how much you have to pay. How can you determine what type of insurance you need and how to buy it? Insurance requirements will differ by state/province, but usually include the following: Liability: This kind of insurance coverage will pay for the damage that you are responsible for. These damages may include personal injury, and property damage. If you are in legal trouble, it also pays your court costs. State laws usually mandate minimum amounts of liability insurance, but larger amounts can be purchased and are very beneficial. Personal Injury Protection: This type of insurance pays for the medical treatment for you and other people in your car, regardless of who was responsible for the crash. It is commonly called no-fault coverage. State law usually sets minimum amounts. Medical Payments: This coverage can be purchased in states that are not considered no-fault; it will pay despite who carries responsibility for a collision. If this policy is purchased, the insured person will receive payment for necessary medical and funeral expenses. Collision: Pays for damages to your car caused by a collision. Comprehensive: Applies if your car is stolen or damaged by something other than a wreck, including weather damage or vandalism. Uninsured Motorist: If you are hit by an uninsured driver, this type of insurance coverage will make sure you are covered. Under-Insured Motorist: Just like uninsured coverage, this kind of insurance covers you from drivers without enough insurance coverage. Other policies, such as car rental and emergency road service, are also available. State Farm Clermont