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Financial Security and Your Insurance Policy

The amount of cars on the road increases each and every year. With countless vehicles on the road, accidents can happen. The difference between a small aggravation and major pain can be car insurance. But why do you need to own insurance and just how much should you buy? Your car insurance may be able to pay for the expenses from a car crash ranging from hospital bills to legal fees. Every state and province mandates car insurance by law. Without insurance, you run the risk of having to pay the total price of any harm or injury you cause others. Liability: This type of insurance will pay for the damage that you have caused. These damages can include personal injury, and property damage. It can also cover your legal fees if you are sued. Recommended, higher levels of insurance are available that take care of more events than the lower, state-mandated varieties. Personal Injury Protection: This 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. This insurance may also pay for lost wages, service replacement and funeral costs. The minimum amount of this insurance is typically set by local government. Medical Payments: This coverage can be purchased in non-no-fault states; it pays despite who may have been at fault. All necessary medical or funeral expenses will be covered under this type of coverage. Collision: Pays for damages to your vehicle caused by an accident. Comprehensive: This type of insurance protection takes care of any damages not caused by a collision. This could include fire and wind damage, vandalism, and burglary. Uninsured Motorist: Pays for damages when someone with insurance is in an accident caused by a driver who does not have liability coverage. Under-Insured Motorist: Pays for damages when a driver with insurance is in an accident caused by a driver who does not have the right amount of insurance to pay for the full amount of the damages. Other types of coverage, such as emergency road service, are also available. Golf Cart Insurance Clermont

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