Financial Security and Your Insurance Policy

The amount of cars and drivers on the road increases every year. As this number goes up, the possibility of accidents also goes up. Automobile insurance can be the difference between a minor setback and a major trial. How can you determine what insurance you need and how to purchase it? Auto insurance provides you with protection from covering the cost of damage or injury you inflict on others while driving your car, damage to your car or injury to you or your passengers from a crash, and certain other incidents, such as burglary. Choosing to drive without owning insurance could mean you have to repair or replace a stolen or damaged vehicle or pay the cost of any damage that you may have caused. Liability: This kind of insurance can pay for the damage that you have caused. These damages may include bodily injury, and property damage. Bodily injury damages include medical expenses, and lost wages. Property damage can refer to car repair costs or loss of property use. It also covers your defense and court costs if you are sued. State laws typically mandate minimum amounts of liability insurance, but larger amounts can be purchased and are very beneficial. 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. The minimum amount of this insurance is typically set by local government. Medical Payments: This type of coverage is available in non-no-fault states and will pay regardless of who is responsible for an accident. This insurance will pay for all insured person's reasonable medical or funeral expenses for bodily injury from a crash. Collision: This pays for damage to your car caused by a collision. Comprehensive: Applies if your car is stolen or damaged by something other than a wreck, including fire, wind, hail, flood or vandalism. Uninsured Motorist: This pays for damages when someone with insurance is injured in an accident caused by a driver who does not have insurance. Under-Insured Motorist: Similar to uninsured motorist protection, this kind of insurance protects you against drivers without enough insurance coverage. Emergency road service, car rental, and other types of coverage can also be purchased. Golf Cart Insurance Clermont