Financial Security and Your Insurance Policy

There are more drivers on the road every year. With so many vehicles on the road, crashes will happen. The difference between a little aggravation and large obstacle can be automobile insurance. So how can you figure out what insurance you need and how much to buy? Insurance requirements vary by state/province, but typically include the following: Liability: Personal injury and property damage that you have caused will be covered under liability insurance. It can also cover your defense and court costs if you are sued. State laws typically require standard 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 mandated in some states and optional in others. This insurance may also cover lost earnings, replacement of services and funeral expenses. The minimum amount of this insurance is typically set by the state. Medical Payments: Medical payment coverage is available in non-no-fault states and will pay no matter who is responsible for the accident. All necessary medical or funeral expenses will be paid for under this type of policy. Collision: Pays for damage to your car caused by an accident. Comprehensive: Applies if your car is stolen or damaged by something other than a collision, including fire, wind, hail, flood or vandalism. Uninsured Motorist: If you are in an accident with a driver without insurance, this type of insurance will protect you. Under-Insured Motorist: Pays for damages when an insured person is in an accident caused by a driver who does not have enough liability insurance to cover the full amount of the damages. Other policies, such as car rental, are also available. State Farm Clermont