Financial Security and Your Insurance Policy

Each year, more cars hit America's roads. This can lead to an increased likelihood of a car accident for you and your family. Car insurance can be the difference between a minor inconvenience and a major trial. So how do you know which type of insurance you need and how much to buy? Required coverage varies by state/province but usually includes the following: Liability: This type of insurance coverage will pay for the damage that you have caused. These damages might include personal injury, and property damage. Damages from bodily injury include medical expenses, lost wages, and pain and suffering. Property damage includes damaged property and loss of property use. If you are sued, it also pays your court costs. Local laws usually require standard amounts, but higher amounts can be purchased and are extremely helpful. Personal Injury Protection: This type of insurance pays for all medical treatment for you or other people in your car, regardless of who was responsible for the crash. It is required in some states and optional in others. The minimum amount of personal injury protection is typically set by local government. Medical Payments: This type of coverage is available in non-no-fault states and will pay no matter who is responsible for the accident. If you buy this type of coverage, you will receive coverage for reasonable medical or funeral costs. Collision: This pays for damage to your car caused by an accident. Comprehensive: This applies if your car is stolen or damaged by causes other than an accident, including weather damage or vandalism. Uninsured Motorist: Too many drivers are breaking the law by driving without having the proper amount of auto insurance. This type of coverage will protect you if one of these irresponsible drivers hit you. Under-Insured Motorist: Many drivers have liability insurance that might not be able to pay for all the expenses they are responsible for. This type of insurance covers you from those drivers. Other kinds of coverage, including emergency road service and car rental, are also available. Auto Insurance Clermont

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