Financial Security and Your Homeowners Policy

The number of cars and drivers on the road increases every year. With countless vehicles on the road, accidents are going to happen. Automobile insurance can be the difference between a minor setback and a major hassle. How can you decide what insurance you require and how to buy it? Required coverage varies based on the state/province but usually includes the following: Liability: It pays for expenses due to bodily injury and property damage to others when you are responsible. Damages from bodily injury include medical fees, lost wages, and pain and suffering. Property damage can refer to car repair costs and loss of property use. If you are sued, it also pays your court costs. Recommended, higher levels of insurance are available that cover more than the lower, state-mandated varieties. Personal Injury Protection: This type of insurance pays for all medical treatment for you or other people in your car, no matter who was at fault in the crash. It is occasionally referred to as no-fault coverage. The minimum amount of this insurance is typically set by local government. Medical Payments: This coverage can be purchased in states that are not considered no-fault; it pays regardless of who carries responsibility for an accident. All necessary medical or funeral expenses will be covered under this insurance policy. Collision: Damages that occur from a collision will be covered under this type of car insurance. Comprehensive: Cover your vehicle from all non-collision damages when you buy this type of coverage. This may include protection from burglary, vandalism, and weather damage. Uninsured Motorist: Pays for damages 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: Pays for damages when a driver with insurance is in an accident caused by a driver who does not have enough liability insurance to pay for the full amount of the damages. Other types of coverage, such as car rental and emergency road service, are also available. Your auto insurance payments varies based on the company and will depend on multiple factors, including: * Which policies you choose * The type of the vehicle you own * Whether or not you have been in an accident * Your age, sex and marital status * 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, do your research , and with the help of your insurance agency, make the decision that best suits you. State Farm Agent Clermont