Financial Security and Your Homeowners Coverage

You will see more cars on the road each year. With countless vehicles on the road, crashes will happen. If you get in a car crash, the auto insurance you own can make a big difference in the experience you have. How can you decide what type of insurance you need and how to buy it? Insurance requirements vary by state/province, but usually include the following: Liability: This kind of insurance will pay for the damage that you are responsible for. These damages may include bodily injury, and property damage. Bodily injury damages can include medical fees, and lost wages. Property damage includes car repair costs or loss of property use. If you are sued, it also pays your legal fees. Recommended, more comprehensive levels of liability insurance can be purchased that take care of more events than the lower, state-mandated insurance. 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 coverage is available in states that are not considered no-fault; it will pay despite who carries responsibility for a crash. If this policy has been purchased, the insured person will receive payment for all types of medical or funeral costs. Collision: Pays for damage to your vehicle caused by an accident. Comprehensive: This kind of insurance protection takes care of all non-collision damages. This may include weather damage, vandalism, and theft. Uninsured Motorist: Pays for damages when an insured person is injured in a crash caused by a driver who does not have liability coverage. Under-Insured Motorist: Pays for damages when an insured person is injured in a crash caused by a driver who does not have the right amount of insurance to cover the full amount of the damages. Other policies, like emergency road service, are also available. State Farm Agent Clermont

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