Financial Security and Your Homeowners Coverage

There are more drivers on the road every year. This can lead to an increased likelihood of a collision for you and your family. Car insurance can be the difference between a small inconvenience and a major trial. But why do you need to own insurance and exactly how much should you purchase? Required coverage varies based on the state/province but usually includes the following: Liability: This type of insurance coverage will pay for the damage that you have caused. These damages may include bodily injury, and property damage. Bodily injury damages can include medical fees, and lost wages. Property damage can refer to damaged property or loss of use of property. It can also cover your defense and court costs if you are sued. State laws usually mandate minimum amounts, but larger amounts are available and very beneficial. Personal Injury Protection: This type of insurance pays for all medical treatment for you and other people in your car, no matter who was at fault in the crash. It is commonly referred to as no-fault coverage. The minimum amount of personal injury protection is usually set by local government. Medical Payments: Medical payment coverage is available in non-no-fault states and will pay no matter who is responsible for the accident. If you purchase this type of coverage, you will receive payment for necessary medical and funeral expenses. Collision: Pays for damages to your car caused by a collision. Comprehensive: Applies if your car is stolen or damaged by something other than an accident, including weather damage or vandalism. Uninsured Motorist: If you are in an accident with an uninsured driver, this type of insurance coverage will make sure you are covered. Under-Insured Motorist: Pays for collision expenses when an insured person is in an accident caused by a driver who does not have the right amount of insurance to pay for the full amount of the damages. Emergency road service, car rental, and other varieties of car insurance can also be purchased. What you pay for auto insurance varies based on the company and will depend on several factors, such as: *Your selected coverage *Your vehicle's make and model * Your driving record * Your age, sex and marital status * The place where you live Don't procrastinate buying auto insurance; you should never be on the road without it. Review your needs, do your research , and with the help of your insurance agent, make the decision that fits you best. Car Insurance Quotes Clermont