Financial Security and Your Home Insurance Policy

You will see more and more drivers on the road every year. With countless vehicles on the road, accidents will happen. The difference between a little bother and large pain can be your insurance. But why do you need insurance and just how much do you need? Auto insurance protects you by paying for injury or damage you inflict on others while driving your car, damage to your vehicle or personal injury or injury to your passengers from a crash, plus certain other incidents, such as robbery. By not purchasing insurance, you run the risk of having to pay the total cost of any harm or injury you cause others. Liability: Liability pays for expenses due to bodily injury and damage to property for which you are responsible. If you are sued, it also pays your legal fees. Local laws usually mandate standard amounts, but higher amounts are available and extremely helpful. Personal Injury Protection: Personal injury protection pays for hospital bills and other medical treatment for you or your passengers, no matter who was responsible for the accident. It is occasionally referred to as no-fault coverage. Local law usually sets minimum amounts. Medical Payments: This type of coverage is available in states that are not considered no-fault and will pay regardless of who is responsible for an accident. This insurance will pay for an insured person's reasonable medical or funeral expenses for bodily injury from an accident. Collision: This pays for damage to your vehicle caused by an accident. Comprehensive: Protect your vehicle from damages from other sources when you buy this type of coverage. This includes protection from burglary, vandalism, and weather damage. Uninsured Motorist: If you are in an accident with a driver without insurance or a hit-and-run driver, this type of insurance coverage will protect you. Under-Insured Motorist: Similar to uninsured motorist protection, this type of insurance covers you from people driving without sufficient insurance protection. Other types of car insurance, like emergency road service and car rental, are also available. State Farm Clermont

[Top]