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Financial Security and Your Insurance Policy

Each year, more drivers hit our roads and freeways. With countless vehicles on the road, crashes are going to happen. If you get in a car accident, the car insurance you own can make a big difference in how much you have to pay. But why do you need insurance and exactly how much should you buy? Required coverage varies by state/province but typically includes the following: Liability: Pays for damages due to personal injury and property damage to others that you are responsible for. Bodily injury damages can include medical expenses, lost wages, and pain and suffering. Property damage includes car repair costs and loss of use of property. It can also cover your defense and court costs if you are sued. Recommended, more comprehensive levels of insurance can be purchased that take care of more than the lower, state-mandated varieties. 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. The minimum amount of this insurance is typically set by the state. Medical Payments: This type of coverage can be purchased in non-no-fault states and will pay regardless of who is responsible for an accident. It pays for an insured person's reasonable and necessary medical or funeral expenses for bodily injury from a crash. Collision: This pays for damages to your vehicle caused by a collision. Comprehensive: This type of insurance takes care of any damages not caused by a collision. This could include fire damage, vandalism, and burglary. Uninsured Motorist: If you are in an accident with an uninsured driver or a hit-and-run driver, this type of insurance will protect you. Under-Insured Motorist: Similar to uninsured motorist protection, this type of insurance protects you against drivers without sufficient insurance coverage. Other kinds of car insurance, including emergency road service, can also be purchased. Car Insurance Groveland

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