Financial Security and Your Insurance Coverage

Every year, more cars and drivers hit the highways. This can lead to a higher possibility of a car accident. The difference between a little bother and major pain can be car insurance. So how do you know what type of car insurance you need and the quantity you should buy? Car insurance protects you by covering the cost of damage or injury you inflict on others while driving your car, damage to your car or injury to you or your passengers from a crash, and specific other incidents, such as burglary. Electing to drive without owning insurance could mean you have to repair or replace a stolen or damaged vehicle or pay the cost of all the damage for which you might be responsible. Liability: This type of insurance can pay for the damage that you are responsible for. These damages can include bodily injury, and property damage. Damages from bodily injury can include medical fees, and lost wages. Property damage can refer to damaged property or loss of use of property. It also covers your defense and court costs if you are sued. State laws usually require standard amounts of liability insurance, but larger amounts are available and usually recommended. Personal Injury Protection: Personal injury insurance is required 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. State law usually 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. If this policy is purchased, the insured person will receive coverage for reasonable medical or funeral expenses. Collision: Damages that occur from a car accident will be covered under this type of car insurance. Comprehensive: Protect your car from all non-collision damages when you buy this type of insurance. This may include protection from theft, vandalism, and weather damage. Uninsured Motorist: Many drivers are ignoring the law by driving a car without having the right amount of auto insurance. This insurance will protect you if you are in a collision with one of these irresponsible drivers. Under-Insured Motorist: Just like uninsured motorist protection, this type of insurance covers you from drivers without enough insurance coverage. Other types of coverage, like car rental, are also available. Golf Cart Insurance Clermont