Financial Security and Your Homeowners Coverage

Each year, more automobiles and drivers are on the highways. As this number increases, the possibility of accidents also increases. Car insurance can be the difference between a small inconvenience and a major hassle. How can you determine what type of insurance you require and where you should go to buy it? Car insurance protects you by covering the cost of injury or damage you inflict on others while you are driving, damage to your vehicle or personal injury or injury to your passengers from an accidents, and certain other situations, such as burglary. Without insurance, you run the risk of having to pay the total cost of any harm you cause others. Liability: Personal injury and property damage that you are responsible for will be paid for under this type of insurance. If you are sued, this type of insurance will pay for your legal fees. Recommended, more comprehensive levels of liability insurance can be purchased that cover more than the stripped-down, state-mandated varieties. Personal Injury Protection: This is required 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. It can also cover lost earnings, service replacement and funeral expenses. State law typically sets minimum amounts. Medical Payments: Medical payment coverage is available in states that are not considered no-fault and will pay regardless of who is responsible for an accident. All reasonable medical or funeral expenses will be paid for under this type of coverage. Collision: Pays for damages to your vehicle caused by an accident. Comprehensive: This applies if your vehicle is stolen or damaged by something other than an accident, including fire, wind, hail, flood or vandalism. Uninsured Motorist: Pays for repair and replacement costs when someone with insurance is in an accident caused by another person who does not have liability coverage. Under-Insured Motorist: Just like uninsured coverage, this type of insurance covers you from people driving without sufficient insurance coverage. Other types of coverage, including emergency road service, are also available. Car Insurance Groveland