Financial Security and Your Insurance Policy

Every year, more automobiles and drivers hit the highways. As this number increases, the chances of a car collision will also increase. If you get in a car crash, the auto insurance you own can make a large difference in how much you have to pay. How can you determine what type of insurance you require and how to buy it? Your car insurance may be able to pay for the expenses from a car crash ranging from car repairs to replacement costs. Every state or province mandates automobile insurance by law. Making the decision to drive without owning insurance could cause you to repair or replace a stolen or damaged vehicle or pay the cost of all the damage for which you might be responsible. Liability: This type of insurance coverage will pay for the damage that you have caused. These damages might include personal injury, and property damage. If you are sued, it also pays your legal fees. Recommended, higher levels of liability insurance can be purchased that take care of more than the stripped-down, state-mandated insurance. Personal Injury Protection: Personal injury protection pays for all medical treatment for you or your passengers, regardless of who was responsible for the crash. It is sometimes called no-fault coverage. The minimum amount of personal injury protection is usually set by local government. Medical Payments: Medical payment coverage can be purchased 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 insurance policy. Collision: Pays for damage to your vehicle caused by a collision. Comprehensive: Protect your vehicle from damages from other sources by purchasing this type of coverage. This includes protection from burglary, vandalism, and fire or flood damage. Uninsured Motorist: Pays for repair and replacement costs when someone with insurance is in an accident caused by a driver who does not have insurance. Under-Insured Motorist: Pays for damages when a driver with insurance is in an accident caused by a driver who does not have enough liability insurance to pay for the full amount of the damages. Other kinds of coverage, such as car rental, are also available. Car Insurance Quotes Clermont