Financial Security and Your Insurance Policy

There are more cars and drivers hitting the road every year. As this number increases, the possibility of accidents also increases. Automobile insurance can be the difference between a small setback and a large hassle. How can you determine what insurance you need and how to buy it? Coverage requirements will differ by state/province, but usually include the following: Liability: Liability pays for the expenses you are responsible for in a car accident, including property damage and injury. Damages from bodily injury include medical expenses, lost wages, and pain and suffering. Property damage can refer to damaged property or loss of use of property. If you are in legal trouble, liability insurance can pay for your court costs. Recommended, more comprehensive levels of liability insurance are available that cover more than the stripped-down, state-mandated insurance. Personal Injury Protection: Personal injury protection pays for hospital bills and other medical treatment for you and your passengers, no matter who was responsible for the collision. It is commonly called no-fault coverage. It may also cover lost wages, replacement of services and funeral expenses. State government usually sets minimum amounts. Medical Payments: This coverage can be purchased in states that are not considered no-fault; it pays regardless of who carries responsibility for an accident. All necessary medical or funeral expenses will be paid for under this insurance policy. Collision: Pays for damage to your car caused by a collision. Comprehensive: This kind of insurance protection takes care of all non-collision damages. This could include hail damage, vandalism, and burglary. Uninsured Motorist: Pays for repair and replacement costs when someone with insurance is in a crash caused by a driver who does not have liability coverage. Under-Insured Motorist: Pays for damages when an insured person is in a crash caused by a driver who does not have the right amount of insurance to cover the full cost of the damages. Other types of coverage, like emergency road service, are also available. What you pay for auto insurance varies based on the company and will depend on multiple factors, including: *Your desired coverage *Your vehicle's make and model * Whether or not you have been in an accident * Your age, sex and marital status * Where you live Some have consider auto insurance as a necessary evil, but it can truly rescue you from a financial disaster. Review your needs, do your research , and with the support of your insurance agent, make the decision that best suits you. State Farm Agent Clermont

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