Financial Security and Your Insurance Coverage

There are more cars and drivers on the road each year. This could lead to an increased likelihood of a car accident. The difference between a little aggravation and major obstacle can be your insurance. How can you determine what type of insurance you require and how to buy it? Insurance requirements vary by state/province, but typically include the following: Liability: This type of insurance coverage can pay for the damage that you have caused. These damages can include personal injury, and property damage. Bodily injury damages can include medical fees, and lost wages. Property damage includes damaged property or loss of use of property. It can also cover your defense and court costs if you are sued. Recommended, higher levels of liability insurance are available that take care of more than the stripped-down, state-mandated insurance. Personal Injury Protection: Personal injury protection pays for all medical treatment for you and your passengers, no matter who was responsible for the crash. It is commonly referred to as no-fault coverage. It can also pay for lost earnings, service replacement and funeral expenses. The minimum amount of this insurance is usually set by the state. Medical Payments: Medical payment coverage is available in states that are not considered no-fault; it will pay despite who may be responsible. All reasonable medical or funeral expenses will be covered under this type of policy. Collision: This pays for damage to your vehicle caused by an accident. Comprehensive: This type of insurance covers all non-collision damages. This may include fire and wind damage, vandalism, and robbery. Uninsured Motorist: Too many drivers are ignoring the law by driving without owning the right amount of auto insurance. This insurance will protect you if one of these irresponsible drivers hit you. Under-Insured Motorist: There are other drivers who have liability insurance that might not be able to pay for all the expenses they are responsible for. Under-insured motorist coverage covers you in accidents involving those drivers. Emergency road service, car rental, and other types of car insurance can also be purchased. Car Insurance Groveland