Financial Security and Your Insurance Policy

There are more drivers on the road each year. With countless vehicles on the road, crashes are going to happen. If you get in a car crash, the auto insurance you own can make a large difference in how much you have to pay. But why do you need insurance and just how much should you purchase? Required coverage varies based on the state/province but typically includes the following: Liability: It pays for the expenses you are responsible for in a car accident, including property damage and injury. Bodily injury damages can include medical fees, lost wages, and pain and suffering. Property damage can refer to car repair costs or loss of property use. If you are sued, it also pays your legal fees. State laws typically mandate standard amounts, but higher amounts are available and very beneficial. Personal Injury Protection: Personal injury insurance is required in some states and is optional in others. It pays you or your passengers for medical treatment resulting from a crash, regardless of who may have been at fault, and is often called no-fault coverage. State government typically 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. All necessary medical or funeral expenses will be covered under this type of coverage. Collision: Damages resulting from a car accident will be covered under this kind of insurance. Comprehensive: This kind of insurance protection covers any non-collision damages. This may include weather damage, vandalism, and robbery. Uninsured Motorist: This pays for repair and replacement costs when someone with insurance is injured in a crash caused by another person who does not have insurance. Under-Insured Motorist: There are other drivers who have liability insurance that can't pay for all the expenses they are supposed to take care of. This type of insurance covers you from those drivers. Other kinds of coverage, including emergency road service and car rental, are also available. State Farm Clermont

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