Financial Security and Your Homeowners Policy

Each year, more cars and drivers hit the roads. As this number goes up, the possibility of accidents also goes up. If you get in a car crash, the car insurance you have can make a big difference in how much you have to pay. How can you determine what insurance you need and where you should go to buy it? Auto insurance provides you with protection from covering the cost of injury or damage you cause others while driving your car, damage to your car or personal injury or injury to your passengers from a crash, and specific other occurrences, such as robbery. Making the decision to drive without insurance could cause you to repair or replace a stolen or damaged vehicle and pay the cost of all the damage that you may have caused. Liability: Personal injury and property damage that you have caused will be paid for under this type of insurance. Damages from bodily injury include medical fees, lost wages, and pain and suffering. Property damage can refer to damaged property or loss of property use. It can also cover your defense and court costs if you are sued. State laws typically require standard amounts, but larger amounts can be purchased and are usually recommended. Personal Injury Protection: This is required in some states and is optional in others. Sometimes referred to as no-fault coverage, this pays the medical treatment for you or your passengers regardless of who was at fault. The minimum amount of this insurance is usually set by local government. Medical Payments: This coverage can be purchased in states that are not considered no-fault; it will pay regardless of who carries responsibility for an accident. It pays for all insured person's reasonable and necessary medical and funeral expenses resulting from an accident. Collision: Pays for damage to your car caused by a collision. Comprehensive: This kind of insurance protection covers any non-collision damages. This could include flood damage, vandalism, and robbery. Uninsured Motorist: Too many drivers are breaking the law by driving a car without purchasing the proper amount of insurance. This insurance will protect you if one of these irresponsible drivers hit you. Under-Insured Motorist: Pays for collision expenses when an insured person is in a crash caused by a driver who does not have enough liability insurance to cover the total cost of the damages. Other types of coverage, such as car rental and emergency road service, are also available. State Farm Agent Clermont