Financial Security and Your Homeowners Coverage

There are more cars on the road every year. As this number goes up, the chances of a car accident will also go up. Automobile insurance can be the difference between a minor setback and a large hassle. So how can you figure out which type of insurance you need and how much to buy? Mandated coverage varies based on the state/province but usually includes the following: Liability: Personal injury and property damage that you are responsible for will be paid for under this type of insurance. If you are in legal trouble, it also pays your legal fees. Recommended, more comprehensive levels of liability insurance can be purchased that take care of more than the stripped-down, state-mandated insurance. Personal Injury Protection: This type of insurance pays for the medical treatment for you and your passengers, regardless of who was responsible for the accident. It is occasionally referred to as no-fault coverage. It may also pay for lost earnings, replacement of services and funeral costs. Local government usually sets minimum amounts. Medical Payments: Medical payment coverage is available in states that are not considered no-fault; it will pay despite who carries responsibility for an accident. If you buy this type of coverage, you will receive payment for reasonable medical and funeral costs. Collision: Pays for damage to your vehicle caused by a collision. Comprehensive: This applies if your vehicle is stolen or damaged by something other than a collision, including fire, wind, hail, flood or vandalism. Uninsured Motorist: If you are hit by a driver without insurance or a hit-and-run driver, this type of insurance coverage will protect you. Under-Insured Motorist: Just like uninsured coverage, this type of insurance protects you against drivers without enough insurance coverage. Other kinds of car insurance, such as emergency road service, are also available. Car Insurance Quotes Clermont