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Financial Security and Your Insurance Coverage

There are more cars hitting the road each year. With so many vehicles on the road, crashes will happen. The difference between a little aggravation and large pain can be automobile insurance. So how do you know what type of car insurance you need and how much to buy? Insurance requirements will differ 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 might include bodily injury, and property damage. Bodily injury damages can include medical expenses, and lost wages. Property damage can refer to car repair costs or loss of use of property. If you are in legal trouble, it also pays your legal fees. Local laws usually require standard amounts of liability insurance, but higher amounts are available and extremely helpful. 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 pay for lost wages, service replacement and funeral expenses. Local law usually sets minimum amounts. Medical Payments: This coverage can be purchased in non-no-fault states; it pays despite who may have been at fault. All reasonable medical or funeral expenses will be covered under this insurance policy. Collision: Damages that occur from a collision will be covered under this kind of insurance. Comprehensive: This kind of insurance protection covers any damages not caused by a collision. This could include fire damage, vandalism, and robbery. Uninsured Motorist: Thousands of drivers are breaking the law by driving without having the proper amount of car insurance. This type of coverage will protect you if you are in an accident with one of these irresponsible drivers. Under-Insured Motorist: This pays for damages when a driver with insurance is in a crash caused by another person who does not have enough liability insurance to pay for the full cost of the damages. Other policies, like car rental and emergency road service, are also available. What you pay for auto insurance varies based on the company and will depend on several factors, such as: *Your selected coverage *Your vehicle's make and model * Your driving record * Your age, gender and marital status * Where you live Don't procrastinate buying car insurance; you shouldn't drive a car without it. Review your needs, do your research , and with the guidance of your insurance agent, choose the option that best suits you. State Farm Agent Clermont