Financial Security and Your Home Insurance Coverage

There are more drivers hitting the road each year. With countless vehicles on the road, crashes are going to happen. Automobile insurance can be the difference between a small inconvenience and a large trial. How can you decide what insurance you require and how to purchase it? Coverage requirements will differ by state/province, but usually include the following: Liability: It pays for the expenses you are responsible for in a car collision, including property damage and injury. Damages from bodily injury can include medical expenses, and lost wages. Property damage includes car repair costs or loss of use of property. If you are sued, it also pays your defense and court costs. State laws usually require standard amounts, but larger amounts can be purchased and are usually recommended. Personal Injury Protection: Personal injury insurance is mandated 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. This insurance may also pay for lost earnings, replacement of services and funeral costs. State 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 a crash. If this policy is bought, the insured person will receive coverage for all types of medical and funeral costs. Collision: Damages resulting from a collision will be paid for under this kind of insurance. Comprehensive: Applies if your vehicle is stolen or damaged by causes other than an accident, including fire, wind, hail, flood or vandalism. Uninsured Motorist: Many drivers are ignoring the law by driving a car without purchasing the right amount of insurance. This insurance will protect you if one of these irresponsible drivers hit you. Under-Insured Motorist: Just like uninsured motorist protection, this kind of insurance covers you from drivers without enough insurance coverage. Other types of coverage, like emergency road service, are also available. Auto Insurance Clermont