Financial Security and Your Insurance Policy

The amount of cars and drivers on the road increases every year. With countless vehicles on the road, crashes can happen. If you get in a car crash, the auto insurance you have can make a big difference in what happens next. So how can you figure out what insurance you need and how much you should buy? Insurance requirements vary by state/province, but typically include the following: Liability: This type of insurance coverage will pay for the damage that you have caused. These damages may include bodily injury, and property damage. It also covers your defense and court costs if you are sued. Local laws typically require standard amounts, but higher amounts can be purchased and are very beneficial. Personal Injury Protection: Personal injury insurance is mandated 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. This insurance may also cover lost wages, service replacement and funeral costs. Local government typically sets minimum amounts. Medical Payments: This coverage can be purchased in states that are not considered no-fault; it will pay regardless of who may have been at fault. If this type of coverage is bought, the insured person will receive payment for all types of medical and funeral costs. Collision: Pays for damages to your vehicle caused by a collision. Comprehensive: This type of insurance protection covers any damages not caused by a collision. This could include hail damage, vandalism, and theft. Uninsured Motorist: If you are hit by a driver without insurance or a hit-and-run driver, this type of insurance coverage will protect you. Under-Insured Motorist: Many drivers have liability insurance that can't cover all the expenses they are responsible for. This type of insurance covers you from those drivers. Other types of coverage, such as car rental, are also available. What you pay for car insurance varies by company and will depend on several factors, such as: * Which policies you select * The make and model of the vehicle you drive * Whether or not you have been in an accident * Your age, sex and marital status * The place where you live Some people have come to think of car insurance as a necessary evil, but it is something you will need if you are ever in an accident. Evaluate your needs, research your options, and with the guidance of your insurance agent, make the decision that fits you best. State Farm Agent Clermont