Financial Security and Your Home Insurance Policy

There are more cars hitting the road every year. As this number goes up, the possibility of accidents also goes up. The difference between a small bother and large pain can be automobile insurance. But why do you need insurance and exactly how much should you purchase? Mandated coverage varies based on the state/province but usually includes the following: Liability: Liability pays for damages due to personal injury and damage to property that you are responsible for. Bodily injury damages include medical expenses, and lost wages. Property damage includes damaged property or loss of property use. It also covers your legal fees if you are sued. Recommended, more comprehensive levels of liability insurance are available that take care of more events than the stripped-down, state-mandated varieties. Personal Injury Protection: This 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. It may also pay for lost wages, service replacement and funeral expenses. The minimum amount of personal injury protection is usually set by local government. Medical Payments: Medical payment coverage is available in non-no-fault states and will pay regardless of who is responsible for an accident. It pays for an insured person's reasonable medical and funeral expenses for bodily injury from a crash. Collision: Pays for damage to your car caused by a collision. Comprehensive: This type of insurance protection covers all damages not caused by a collision. This may include fire damage, vandalism, and theft. Uninsured Motorist: Many drivers are breaking the law by driving a car without having the right amount of car insurance. This type of coverage will protect you if one of these irresponsible drivers hit you. Under-Insured Motorist: Pays for damages when a driver with insurance is injured in an accident caused by another person who does not have the right amount of insurance to pay for the total cost of the damages. Other policies, including car rental and emergency road service, are also available. Your auto insurance payments vary by company and will depend on several factors, such as: *Your desired coverage *Your vehicle's make and model * Whether or not you have been in an accident * Your age, sex and marital status * Where you live Some people may not want to pay for auto insurance, but it is honestly something you don't want to live without. Evaluate your needs, do your research , and with the support of your insurance agency, make the decision that fits you best. State Farm Agent Clermont