Financial Security and Your Insurance Policy
Every year, more automobiles and drivers hit America's roads. As this number increases, the possibility of accidents also increases. If you get in a car crash, the car insurance you have can make a large difference in what happens next. So how do you know what insurance you need and how much you should buy? Car crashes can lead to many different expenses, which can all be paid for based on the type of insurance you have purchased. Auto insurance is mandated by law in all states and provinces. Choosing to drive without insurance could cause you to repair or replace a stolen or damaged vehicle and pay the cost of all the damage for which you might be responsible. Liability: It pays for damages due to personal injury and property damage to others when you are responsible. It can also cover your legal fees if you are sued. State laws typically require standard amounts of liability insurance, but larger amounts can be purchased and are usually recommended. Personal Injury Protection: This is mandated in some states and is optional in others. Sometimes referred to as no-fault coverage, this pays the medical treatment for you or your passengers regardless of who was at fault. State government typically sets minimum amounts. Medical Payments: Medical payment coverage is available in non-no-fault states; it will pay despite who may be responsible. If this type of coverage is bought, the insured person will receive coverage for necessary 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 something other than a wreck, including weather damage or vandalism. Uninsured Motorist: This pays for damages when someone with insurance is in an accident caused by a driver who does not have liability coverage. Under-Insured Motorist: There are other drivers who have liability insurance that might not be able to pay for all the expenses they are supposed to take care of. This type of insurance covers you from those drivers. Other kinds of coverage, such as emergency road service, are also available. Auto Insurance Clermont