Financial Security and Your Insurance Coverage

Each year, more cars and drivers travel the highways. This could lead to an increased likelihood of a collision. The difference between a small aggravation and large pain can be car insurance. How can you determine what insurance you need and where you should go to buy it? Auto insurance protects you by covering the cost of damage or injury you inflict on others while driving your car, damage to your vehicle or personal injury or injury to your passengers from a crash, and certain other situations, such as theft. Your state or province definitely mandates some type of auto insurance. Without insurance, you risk having to pay the total price of the harm or injury you cause others. Liability: It pays for expenses due to bodily injury and property damage to others for which you are responsible. Bodily injury damages include medical fees, lost wages, and pain and suffering. Property damage includes car repair costs or loss of property use. It can also cover your defense and court costs if you are sued. Recommended, more comprehensive levels of liability insurance are available that cover more events than the stripped-down, state-mandated varieties. Personal Injury Protection: Personal injury protection pays for the medical treatment for you or your passengers, no matter who was responsible for the collision. It is sometimes called no-fault coverage. This insurance can also pay for lost wages, service replacement and funeral costs. State law usually sets minimum amounts. Medical Payments: This type of coverage is available in non-no-fault states and will pay no matter who is responsible for the accident. If this policy has been purchased, the insured person will receive payment for reasonable medical or funeral costs. Collision: This pays for damage to your vehicle caused by a collision. Comprehensive: Applies if your vehicle is stolen or damaged by something other than a collision, including fire, wind, hail, flood or vandalism. Uninsured Motorist: This pays for repair and replacement costs when an insured person is injured in a crash caused by a driver who does not have liability insurance or by a driver who cannot be identified (usually a hit-and-run driver). Under-Insured Motorist: This pays for collision expenses when an insured person is injured in a crash caused by a driver who does not have the right amount of insurance to pay for the total amount of the damages. Other types of coverage, like emergency road service and car rental, can also be purchased. Your car insurance payments varies based on the company and will depend on several factors, including: *Your selected coverage *Your vehicle's make and model * Your driving record * Your age, gender and marital status * Where you live Don't procrastinate buying auto insurance; you should never drive a car without it. Review your needs, do your research , and with the guidance of your insurance agency, make the decision that best suits you. Golf Cart Insurance Clermont

[Top]