Financial Security and Your Home Insurance Policy

The number of cars and drivers on the road increases each year. As this number increases, the possibility of accidents also increases. Car insurance can make the difference between a small setback and a large hassle. But why do you need insurance and just how much should you purchase? Your car insurance may be able to pay for the expenses from a car crash ranging from car repairs to replacement costs. Making the decision to drive without insurance could cause you to repair or replace a stolen or damaged vehicle or pay the cost of any damage for which you might be responsible. Liability: Personal injury and property damage that you are responsible for will be covered under this type of insurance. Damages from bodily injury can include medical fees, lost wages, and pain and suffering. Property damage includes damaged property or loss of property use. If you are sued, this type of insurance can pay for your legal fees. Local laws usually mandate minimum amounts, but higher amounts are available and very beneficial. 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. This insurance may also pay for lost earnings, replacement of services and funeral costs. The minimum amount of this insurance is typically set by the state. Medical Payments: Medical payment coverage can be purchased in states that are not considered no-fault; it pays despite who carries responsibility for an accident. If you purchase this type of coverage, you will receive payment for all types of medical or funeral costs. Collision: Damages resulting from a collision will be covered under this kind of car insurance. Comprehensive: Applies if your vehicle is stolen or damaged by something other than an accident, including weather damage or vandalism. Uninsured Motorist: If you are in an accident with an uninsured driver, this type of insurance will protect you. Under-Insured Motorist: Many drivers have liability insurance that can't pay for all the expenses they are supposed to take care of. Under-insured motorist coverage covers you from those drivers. Other policies, like car rental and emergency road service, are also available. Your car insurance payments vary by company and will depend on multiple factors, such as: *Your selected coverage *Your vehicle's make and model * Whether or not you have been in an accident * Your age, gender and marital status * Where you live Don't wait around to buy auto insurance; you shouldn't be on the road without it. Evaluate your needs, do your research , and with the help of your insurance agent, choose the option that fits you best. State Farm Agent Clermont