Financial Security and Your Insurance Policy

There are more cars on the road every year. As this number increases, the possibility of accidents also increases. The difference between a small bother and large obstacle can be automobile insurance. So how can you find out what insurance you need and the quantity you should purchase? Your 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 automobile insurance by law. Deciding to drive without insurance could mean you have to repair or replace a stolen or damaged vehicle or pay the cost of any damage for which you might be responsible. Liability: Bodily injury and property damage that you have caused will be covered under liability insurance. Bodily injury damages can include medical expenses, and lost wages. Property damage includes car repair costs and loss of use of property. It also covers your legal fees if you are sued. Recommended, more comprehensive levels of insurance are available that take care of more than the lower, state-mandated insurance. Personal Injury Protection: Personal injury protection pays for all medical treatment for you or other people in your car, no matter who was at fault in the accident. It is commonly called no-fault coverage. It can also cover lost earnings, service replacement and funeral expenses. Local government usually sets minimum amounts. Medical Payments: Medical payment coverage is available in states that are not considered no-fault and will pay no matter who is responsible for the accident. This insurance will pay for all insured person's reasonable medical or funeral expenses for bodily injury from an accident. Collision: This pays for damages to your vehicle caused by a collision. Comprehensive: This type of insurance covers any non-collision damages. This may include weather damage, vandalism, and robbery. Uninsured Motorist: If you are in an accident with a driver without insurance, this type of insurance will protect you. Under-Insured Motorist: This pays for collision expenses when an insured person is injured in an accident caused by another person who does not have enough liability insurance to cover the total amount of the damages. Other policies, such as emergency road service, are also available. Car Insurance Groveland