Financial Security and Your Insurance Coverage

There are more cars and drivers hitting the road every year. As this number increases, the chances of a car accident will also go up. Car insurance can be the difference between a minor inconvenience and a major trial. How can you determine what type of insurance you require and where you should go to buy it? Your insurance may be able to pay for the expenses from a car crash ranging from car repairs to legal fees. Without insurance, you risk having to pay the full price of any harm or injury you cause others or to repair or replace your vehicle if it is damaged or stolen. Liability: Personal injury and property damage that you are responsible for will be paid for under this type of insurance. It also covers your legal fees if you are sued. Local laws typically require standard amounts, but larger amounts can be purchased and are usually recommended. Personal Injury Protection: Personal injury insurance is required in some states and is optional in others. It pays you or your passengers for medical treatment resulting from a crash, regardless of who may have been at fault, and is often called no-fault coverage. Local law typically sets minimum amounts. Medical Payments: This type of coverage can be purchased in states that are not considered no-fault and will pay regardless of who is responsible for an accident. If this type of coverage has been bought, the insured person will receive coverage for all types of medical and funeral costs. Collision: Damages that occur from a car accident will be covered under this type of insurance. Comprehensive: Applies if your vehicle is stolen or damaged by something other than a collision, including fire, wind, hail, flood or vandalism. Uninsured Motorist: If you are in an accident with an uninsured driver or a hit-and-run driver, this type of insurance will protect you. Under-Insured Motorist: This pays for collision expenses when a driver with insurance is injured in a crash caused by a driver who does not have enough liability insurance to pay for the full amount of the damages. Other types of coverage, including car rental, are also available. Auto Insurance Clermont