Financial Security and Your Insurance Policy

There are more cars and drivers on the road each year. With countless vehicles on the road, accidents will happen. If you get in a car accident, the car insurance you own can make a large difference in how much you have to pay. How can you decide what type of insurance you require and how to buy it? Your insurance may be able to pay for the expenses from a car crash ranging from hospital bills to replacement costs. Every state or province requires automobile insurance by law. By not purchasing insurance, you run the risk of having to pay the total price of any harm or injury you cause others or to repair or replace your vehicle if it is damaged or stolen. Liability: Pays for expenses due to personal injury and property damage to others that you are responsible for. Bodily injury damages include medical fees, and lost wages. Property damage includes car repair costs or loss of use of property. It also covers your legal fees if you are sued. Recommended, higher levels of insurance are available that take care of more events than the stripped-down, state-mandated varieties. Personal Injury Protection: Personal injury protection pays for the medical treatment for you or your passengers, no matter who was at fault in the accident. It is required in some states and optional in others. Local law usually sets minimum amounts. Medical Payments: Medical payment coverage is available in states that are not considered no-fault; it will pay despite who may be responsible. It pays for an insured person's reasonable medical or funeral expenses resulting from an accident. Collision: Damages resulting from a collision will be paid for under this kind of insurance. Comprehensive: Protect your vehicle from damages from other sources when you buy this type of insurance. This includes protection from robbery, vandalism, and fire or flood damage. Uninsured Motorist: Too many drivers are ignoring the law by driving without owning the proper amount of car insurance. This type of coverage will cover you if one of these drivers hit you. Under-Insured Motorist: Similar to uninsured coverage, this kind of insurance covers you from drivers without sufficient insurance protection. Other types of car insurance, including emergency road service, can also be purchased. Golf Cart Insurance Clermont

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