Financial Security and Your Homeowners Policy
Every year, more automobiles and drivers travel the roads. With so many vehicles on the road, crashes will happen. The difference between a small aggravation and major pain can be the car insurance you own. How can you decide what insurance you require and how 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 the harm you cause others or of repairing or replacing your car if it is damaged or stolen. Liability: Bodily injury and property damage that you are responsible for will be covered under this type of insurance. Bodily injury damages include medical expenses, 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 defense and court costs. Recommended, higher levels of liability insurance can be purchased that cover more than the lower, state-mandated varieties. Personal Injury Protection: This type of insurance pays for hospital bills and other medical treatment for you and other people in your car, no matter who was at fault in the collision. It is required in some states and optional in others. State law usually sets minimum amounts. Medical Payments: This coverage can be purchased in states that are not considered no-fault; it pays regardless of who may be responsible. If this type of coverage has been bought, the insured person will receive coverage for reasonable medical and funeral costs. Collision: Pays for damage to your car caused by an accident. Comprehensive: This applies if your car is stolen or damaged by something other than an accident, including weather damage or vandalism. Uninsured Motorist: Pays for repair and replacement costs when someone with insurance is in an accident caused by a driver who does not have liability insurance or by a hit-and-run driver. Under-Insured Motorist: Many drivers have liability insurance that can't pay for all the expenses they are responsible for. This type of insurance covers you in accidents involving those drivers. Other policies, including emergency road service, are also available. Your auto insurance payments vary by company and will depend on several factors, including: * What coverage you choose * The make and model of the car you own * Your driving record * Your age, gender and marital status * The place where you live Many people consider auto insurance to be a necessary evil, but it can save you from a financial fiasco. Evaluate your needs, research your options, and with the help of your insurance agency, choose the option that best suits you. Car Insurance Quotes Clermont