Financial Security and Your Homeowners Policy

You will see more and more drivers on the road every year. As this number increases, the possibility of accidents also increases. If you get in a car accident, the auto insurance you have can make a big difference in how much you have to pay. But why is insurance necessary and just how much should you buy? Car insurance provides you with protection from paying for damage caused to your vehicle or someone else's vehicle and injury to other people, yourself, or passengers in your car, plus certain other incidents, such as robbery. By not purchasing insurance, you run the risk of having to pay the total price of any harm or injury you cause others. Liability: Pays for expenses due to bodily injury and property damage to others for which you are responsible. It also covers your defense and court costs if you are sued. Local laws typically require minimum amounts of liability insurance, but larger amounts can be purchased and are very beneficial. Personal Injury Protection: Personal injury insurance is mandated in some states and is optional in others. Sometimes referred to as no-fault coverage, this pays the medical treatment for you or your passengers regardless of who was at fault. This insurance can also cover lost wages, replacement of services and funeral costs. Local government typically sets minimum amounts. Medical Payments: Medical payment coverage can be purchased 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 medical or funeral expenses for bodily injury from an accident. Collision: Damages that occur from a car accident will be covered under this type of car insurance. Comprehensive: This applies if your vehicle is stolen or damaged by causes other than a collision, including weather damage or vandalism. Uninsured Motorist: Thousands of drivers are ignoring the law by driving a car without owning the proper amount of auto insurance. This insurance will protect you if you are in an accident with one of these irresponsible drivers. Under-Insured Motorist: Pays for damages when an insured person is in an accident caused by a driver who does not have the right amount of insurance to cover the full amount of the damages. Other types of coverage, including emergency road service, are also available. Insurance Clermont