Financial Security and Your Home Insurance Coverage

There are more drivers on the road every year. With the increasing number of vehicles on the road, accidents can happen. If you get in a car crash, the car insurance you own can make a big difference in how much you have to pay. But why is insurance required by law and just how much do you need? Car accidents can lead to a variety of different expenses, which your insurance can pay for based on the type of insurance you own. Your state or province certainly mandates some type of car insurance. Deciding to drive without insurance could cause you to repair or replace a stolen or damaged vehicle and pay the cost of all the damage that you may have caused. Liability: This kind of insurance coverage can pay for the damage that you are responsible for. These damages may include bodily injury, and property damage. Damages from bodily injury include medical fees, lost wages, and pain and suffering. Property damage includes car repair costs and loss of property use. If you are in legal trouble, liability insurance will pay for your court costs. Local laws usually mandate standard amounts of liability insurance, but larger amounts can be purchased and are extremely helpful. Personal Injury Protection: Personal injury protection pays for all medical treatment for you and other people in your car, no matter who was responsible for the collision. It is sometimes called no-fault coverage. This insurance may also cover lost earnings, replacement of services and funeral costs. The minimum amount of this insurance is usually set by local government. Medical Payments: This coverage is available in non-no-fault states; it pays regardless of who carries responsibility for a crash. This insurance will pay for all insured person's reasonable and necessary medical and funeral expenses for bodily injury from an accident. Collision: This pays for damages to your car caused by a collision. Comprehensive: This kind of insurance protection covers any damages not caused by a collision. This could include flood damage, vandalism, and robbery. Uninsured Motorist: This pays for damages when an insured person is in a crash caused by a driver who does not have liability coverage. Under-Insured Motorist: Just like uninsured coverage, this kind of insurance covers you from people driving without sufficient insurance protection. Emergency road service, car rental, and other types of coverage can also be purchased. State Farm Agent Clermont