Financial Security and Your Insurance Coverage

There are more cars and drivers hitting the road every year. As this number goes up, the possibility of accidents also goes up. The difference between a small aggravation and major obstacle can be automobile insurance. How can you determine what insurance you require and where you should go to buy it? Car crashes can lead to many different expenses, which your car insurance might be able to pay for based on the insurance policy you have purchased. By not owning insurance, you risk having to pay the total price of any harm you cause others. Liability: This type of insurance can pay for the damage that you have caused. These damages can include bodily injury, and property damage. Bodily injury damages include medical expenses, and lost wages. Property damage includes car repair costs and loss of use of property. If you are sued, it also pays your defense and court costs. Recommended, higher levels of insurance are available that cover more events than the stripped-down, state-mandated insurance. Personal Injury Protection: This 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 cover lost wages, replacement of services and funeral costs. The minimum amount of this insurance is usually set by the state. Medical Payments: This coverage is available in non-no-fault states; it will pay despite who may have been at fault. If you buy this type of coverage, you will receive coverage for all types of medical and funeral costs. Collision: Pays for damages to your car caused by an accident. Comprehensive: This type of insurance protection covers any non-collision damages. This could include flood damage, vandalism, and burglary. Uninsured Motorist: If you are hit by a driver without insurance, this type of insurance will protect you. Under-Insured Motorist: Many drivers have liability insurance that can't cover all the expenses they are responsible for. Under-insured motorist coverage protects you from those drivers. Other types of coverage, such as car rental, are also available. Insurance Clermont