Financial Security and Your Insurance Policy

We see more and more drivers on the road each year. This can lead to an increased likelihood of a car accident. If you get in a car crash, the car insurance you have can make a large difference in how much you have to pay. But why do you need insurance and just how much should you buy? Car accidents can lead to a variety of different expenses, which your car insurance can pay for based on the type of coverage you own. Your state or province definitely requires some type of car insurance. Without insurance, you risk having to pay the total price of any harm or injury you cause others or of repairing or replacing your vehicle if it is damaged or stolen. Liability: Bodily injury and property damage that you are responsible for will be paid for under this type of insurance. If you are sued, it also pays your legal fees. Recommended, more comprehensive levels of liability insurance can be purchased that take care of more than the stripped-down, state-mandated insurance. Personal Injury Protection: Personal injury insurance is required 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. It can also pay for lost wages, replacement of services and funeral costs. State government usually sets minimum amounts. Medical Payments: Medical payment coverage can be purchased in non-no-fault states; it pays despite who may be responsible. All reasonable medical or funeral expenses will be paid for under this insurance policy. Collision: This pays for damages to your vehicle caused by an accident. Comprehensive: This applies if your vehicle is stolen or damaged by something other than a wreck, including fire, wind, hail, flood or vandalism. Uninsured Motorist: Many drivers are breaking the law by driving without owning the right amount of auto insurance. This insurance will cover you if one of these irresponsible drivers hit you. Under-Insured Motorist: Just like uninsured coverage, this type of insurance covers you from people driving without enough insurance protection. Other types of coverage, such as car rental and emergency road service, are also available. Auto Insurance Quotes Clermont