Financial Security and Your Home Insurance Policy

The amount of drivers on the road increases every year. With the increasing number of vehicles on the road, crashes can happen. If you get in a car crash, the auto insurance you own can make a big difference in how much you have to pay. How can you decide what insurance you need and how you can buy it? Your car insurance may be able to pay for the expenses from a car crash ranging from car repairs to replacement costs. Your state or province certainly requires some type of auto insurance. Deciding 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: Bodily injury and property damage that you are responsible for will be paid for under this type of insurance. It can also cover your legal fees if you are sued. Local laws usually mandate standard amounts of liability insurance, but higher amounts are available and extremely helpful. Personal Injury Protection: This type of insurance pays for the medical treatment for you or your passengers, no matter who was responsible for the collision. It is required in some states and optional in others. Local law usually sets minimum amounts. Medical Payments: Medical payment coverage can be purchased in non-no-fault states and will pay no matter who is responsible for the accident. If this type of coverage has been bought, the insured person will receive coverage for necessary medical or funeral expenses. Collision: Damages resulting from a car accident will be paid for 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 fire or flood damage. Uninsured Motorist: Pays for repair and replacement costs when an insured person is in an accident caused by a driver who does not have liability coverage. Under-Insured Motorist: Similar to uninsured coverage, this type of insurance covers you from drivers without enough insurance coverage. Emergency road service, car rental, and other types of car insurance can also be purchased. What you pay for auto insurance varies by company and will depend on multiple factors, including: * Which policies you select * 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 Some people have consider auto insurance as a necessary evil, but it is something you will need if you are ever in an accident. Review your needs, research your options, and with the support of your insurance agency, choose the option that best suits you. State Farm Agent Clermont