Financial Security and Your Home Insurance Policy

The number of drivers on the road increases each year. As this number goes up, the chances of a car collision will also increase. If you get in a car wreck, the car insurance you have can make a big difference in what happens next. So how do you know what insurance you need and how much to buy? Required coverage varies by state/province but typically includes the following: Liability: Bodily injury and property damage that you are responsible for will be paid for under liability insurance. If you are in legal trouble, liability insurance can pay for your legal fees. Recommended, higher levels of insurance can be purchased that take care of more than the stripped-down, state-mandated insurance. Personal Injury Protection: Personal injury protection pays for hospital bills and other medical treatment for you or other people in your car, regardless of who was responsible for the collision. It is commonly called no-fault coverage. This insurance can also pay for lost wages, replacement of services and funeral expenses. Local law typically sets minimum amounts. Medical Payments: Medical payment coverage can be purchased in states that are not considered no-fault and will pay regardless of who is responsible for an accident. All reasonable medical or funeral expenses will be covered under this type of coverage. Collision: Pays for damage to your car caused by a collision. Comprehensive: This type of insurance takes care of all non-collision damages. This may include fire and wind damage, vandalism, and theft. Uninsured Motorist: If you are hit by an uninsured driver, this type of insurance will make sure you are covered. Under-Insured Motorist: Similar to uninsured coverage, this type of insurance protects you against drivers without enough insurance coverage. Other policies, like car rental and emergency road service, are also available. What you pay for auto insurance varies by company and will depend on several factors, including: *Your desired coverage *Your vehicle's make and model * Your driving record * Your age, sex and marital status * The place where you live Some people have come to think of 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 agent, make the decision that best suits you. State Farm Agent Clermont