Financial Security and Your Insurance Coverage
Each year, more cars and drivers travel the highways. With so many vehicles on the road, crashes can happen. The difference between a small aggravation and major obstacle can be the car insurance you have purchased. So how do you know what insurance you need and how much to buy? Auto insurance provides you with protection from paying for damage caused to your car or someone else's car and injury to other people, yourself, or your passengers, and certain other occurrences, such as theft. Electing to drive without owning insurance could mean you have to repair or replace a stolen or damaged vehicle and pay the cost of all the damage that you may have caused. Liability: Bodily injury and property damage that you have caused will be covered under liability insurance. Damages from bodily injury include medical fees, and lost wages. Property damage includes damaged property and loss of use of property. It can also cover your legal fees if you are sued. Recommended, higher levels of insurance can be purchased that cover more than the stripped-down, state-mandated varieties. Personal Injury Protection: Personal injury protection pays for all medical treatment for you and your passengers, no matter who was responsible for the collision. It is sometimes referred to as no-fault coverage. State government usually sets minimum amounts. Medical Payments: This coverage can be purchased in states that are not considered no-fault; it will pay regardless of who carries responsibility for a crash. If you buy this type of coverage, you will receive coverage for all types of medical and funeral expenses. Collision: Damages resulting from a car accident will be covered under this type of insurance. Comprehensive: Protect your car from damages from other sources by purchasing this type of insurance. This can include protection from robbery, vandalism, and weather damage. Uninsured Motorist: This pays for repair and replacement costs when someone with insurance is injured in a crash caused by a driver who does not have liability insurance or by a hit-and-run driver. Under-Insured Motorist: There are other drivers who have liability insurance that might not be able to cover all the expenses they are responsible for. Under-insured motorist coverage protects you from those drivers. Other types of coverage, including emergency road service, are also available. Your auto insurance payments vary by company and will depend on several factors, including: *Your desired coverage *Your vehicle's make and model * Your driving record * Your age, gender and marital status * The place where you live Don't procrastinate buying car insurance; you shouldn't drive a car without it. Review your needs, do your research , and with the guidance of your insurance agent, make the decision that best suits you. Auto Insurance Clermont