Financial Security and Your Homeowners Coverage

Each year, more automobiles and drivers travel the highways. With the increasing number of vehicles on the road, crashes will happen. Automobile insurance can be the difference between a minor inconvenience and a major trial. How can you decide what type of insurance you require and how to buy it? Mandated coverage varies based on the state/province but usually includes the following: Liability: This type of insurance will pay for the damage that you are responsible for. These damages may include bodily injury, and property damage. Damages from bodily injury can include medical expenses, and lost wages. Property damage can refer to damaged property or loss of property use. It can also cover your defense and court costs if you are sued. Local laws usually mandate minimum amounts, but larger amounts are available and very beneficial. Personal Injury Protection: Personal injury protection pays for the medical treatment for you or other people in your car, no matter who was responsible for the crash. It is sometimes called no-fault coverage. This insurance may also cover lost earnings, service replacement and funeral costs. Local government usually sets minimum amounts. Medical Payments: This coverage can be purchased in states that are not considered no-fault; it pays despite who carries responsibility for an accident. It pays for an insured person's reasonable and necessary medical or funeral expenses for bodily injury from an accident. Collision: This pays for damage to your vehicle caused by a collision. Comprehensive: This type of insurance covers any damages not caused by a collision. This may include fire and wind damage, vandalism, and robbery. Uninsured Motorist: Too many drivers are ignoring the law by driving without purchasing the right amount of car insurance. This insurance will cover you if one of these drivers hit you. Under-Insured Motorist: Similar to uninsured motorist protection, this type of insurance covers you from drivers without enough insurance protection. Emergency road service, car rental, and other types of coverage can also be purchased. State Farm Clermont