Financial Security and Your Home Insurance Policy

Every year, more cars travel America's roads. With so many vehicles on the road, crashes are going to happen. Automobile insurance can make the difference between a minor setback and a major hassle. How can you determine what insurance you need and how you can buy it? Insurance requirements will differ by state/province, but usually include the following: Liability: This type of insurance coverage can pay for the damage that you are responsible for. These damages might include personal injury, and property damage. It can also cover your defense and court costs if you are sued. Recommended, higher levels of insurance can be purchased that take care of more events than the stripped-down, state-mandated insurance. Personal Injury Protection: Personal injury insurance is required 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 can also cover lost wages, service replacement and funeral costs. State law usually sets minimum amounts. Medical Payments: This type of coverage can be purchased in states that are not considered no-fault 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 resulting from a crash. Collision: Damages that occur from a car accident will be paid for under this type of insurance. Comprehensive: This type of insurance protection takes care of all non-collision damages. This may include flood damage, vandalism, and robbery. Uninsured Motorist: If you are in an accident with an uninsured driver or a hit-and-run driver, this type of insurance coverage will protect you. Under-Insured Motorist: Many drivers have liability insurance that can't cover all the expenses they are responsible for. Under-insured motorist coverage protects you from those drivers. Other kinds of coverage, including emergency road service, are also available. What you pay for auto insurance varies based on the company and will depend on multiple factors, such as: * Which policies you select * The type of the vehicle you own * Whether or not you have been in an accident * Your age, gender and marital status * Where you live Some people have come to think of auto insurance as a necessary evil, but it can truly rescue you from a financial mess. Review your needs, do your research , and with the guidance of your insurance agency, make the decision that best suits you. Car Insurance Groveland