Financial Security and Your Homeowners Policy

Every year, more cars and drivers hit the highways. As this number goes up, the chances of a car accident will also increase. The difference between a small aggravation and large pain can be your insurance. So how can you find out what type of car insurance you need and the quantity you should purchase? Auto insurance provides you with protection from paying for damage caused to your car or another person's car and injury to others, yourself, or passengers in your car, plus specific other occurrences, such as theft. Every state and province mandates automobile insurance by law. Deciding to drive without insurance could mean you have to repair or replace a stolen or damaged vehicle and pay the cost of any damage for which you might be responsible. Liability: Bodily injury and property damage that you are responsible for will be paid for under liability insurance. It also covers your legal fees if you are sued. Recommended, more comprehensive levels of liability insurance can be purchased that take care of more events than the lower, state-mandated insurance. Personal Injury Protection: Personal injury protection pays for hospital bills and other medical treatment for you and other people in your car, no matter who was responsible for the collision. It is mandated in some states and optional in others. It can also pay for lost wages, replacement of services and funeral expenses. The minimum amount of this insurance is typically set by local government. Medical Payments: This coverage can be purchased in states that are not considered no-fault; it pays despite who may have been at fault. This insurance will pay for all insured person's reasonable medical and funeral expenses resulting from an accident. Collision: Pays for damages to your car caused by a collision. Comprehensive: Protect your car from damages from other sources when you buy this type of coverage. This may include protection from robbery, vandalism, and fire or flood damage. Uninsured Motorist: Too many drivers are breaking the law by driving a car without owning the right amount of insurance. This insurance will protect you if you are in an accident with one of these irresponsible drivers. Under-Insured Motorist: Many drivers have liability insurance that might not be able to pay for all the expenses they are responsible for. Under-insured motorist coverage covers you from those drivers. Other kinds of coverage, such as car rental, are also available. Auto Insurance Clermont

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