Financial Security and Your Insurance Coverage

Every year, more drivers hit our roads and freeways. With the increasing number of vehicles on the road, crashes can happen. The difference between a little bother and large obstacle can be your insurance. But why do you need insurance and just how much should you buy? Insurance requirements will differ by state/province, but typically include the following: Liability: It pays for damages due to bodily injury and damage to property when you are responsible. Damages from bodily injury include medical expenses, lost wages, and pain and suffering. Property damage can refer to car repair costs and loss of use of property. If you are sued, it also pays your court costs. Recommended, more comprehensive levels of liability insurance can be purchased that cover more than the lower, state-mandated varieties. Personal Injury Protection: This type of insurance pays for all medical treatment for you and other people in your car, no matter who was responsible for the collision. It is required in some states and optional in others. The minimum amount of this insurance is usually set by local government. Medical Payments: Medical payment coverage is available in non-no-fault states and will pay no matter who is responsible for the accident. If this policy is bought, the insured person will receive payment for reasonable medical and funeral costs. Collision: This pays for damages to your vehicle caused by a collision. Comprehensive: This kind of insurance takes care of all non-collision damages. This may include fire damage, vandalism, and robbery. Uninsured Motorist: This 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: There are other drivers who have liability insurance that can't cover all the expenses they are responsible for. Under-insured motorist coverage covers you from those drivers. Other types of coverage, such as car rental, can also be purchased. Car Insurance Groveland