Financial Security and Your Homeowners Coverage

Every year, more cars and drivers travel America's roads. With countless vehicles on the road, accidents will happen. The difference between a small bother and large obstacle can be car insurance. How can you determine what insurance you require and how you can buy it? Insurance requirements vary by state/province, but usually include the following: Liability: This kind of insurance coverage can pay for the damage that you have caused. These damages may include personal injury, and property damage. Bodily injury damages can include medical fees, lost wages, and pain and suffering. Property damage includes damaged property or loss of property use. It also covers your legal fees if you are sued. Local laws usually require minimum amounts of liability insurance, but larger amounts can be purchased and are extremely helpful. Personal Injury Protection: Personal injury insurance is mandated 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. The minimum amount of personal injury protection is typically set by local government. Medical Payments: This coverage can be purchased in states that are not considered no-fault; it will pay despite who may have been at fault. This insurance will pay for all insured person's necessary medical and funeral expenses resulting from an accident. Collision: Damages that occur from a collision will be covered under this kind of car insurance. Comprehensive: Cover your vehicle from all non-collision damages by purchasing this type of insurance. This can include protection from burglary, vandalism, and fire or flood damage. Uninsured Motorist: Pays for repair and replacement costs when someone with insurance is injured in a crash caused by another person who does not have liability coverage. Under-Insured Motorist: Just like uninsured motorist protection, this kind of insurance covers you from people driving without enough insurance protection. Emergency road service, car rental, and other varieties of car insurance can also be purchased. What you pay for car insurance varies by company and will depend on multiple factors, including: *Your desired coverage *Your vehicle's make and model * Your driving record * Your age, gender and marital status * The place where you live Many drivers don't want to pay for auto insurance, but it is honestly something you don't want to live without. Evaluate your needs, research your options, and with the help of your insurance agent, make the decision that fits you best. Car Insurance Groveland