Financial Security and Your Homeowners Policy

Every year, more drivers travel America's roads. With the increasing number of vehicles on the road, accidents are going to happen. If you get in a car wreck, the auto insurance you have can make a large difference in how much you have to pay. How can you decide what insurance you need and how to buy it? Car insurance protects you by paying for damage or injury you cause others while driving your car, damage to your vehicle or personal injury or injury to your passengers from an accidents, plus certain other situations, such as theft. No matter where you are living, you are required to purchase some type of auto insurance. By not purchasing insurance, you risk having to pay the total price of the harm or injury you cause others. Liability: Liability pays for the expenses you are responsible for in a car accident, including property damage and injury. If you are sued, this type of insurance will pay for your defense and court costs. Local laws usually require minimum amounts, but larger amounts are available and very beneficial. Personal Injury Protection: This 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 may also pay for lost earnings, service replacement and funeral expenses. The minimum amount of this insurance is typically set by local government. Medical Payments: Medical payment coverage can be purchased in states that are not considered no-fault and will pay regardless of who is responsible for an accident. All reasonable medical or funeral expenses will be paid for under this type of policy. Collision: This pays for damages to your vehicle caused by a collision. Comprehensive: Cover your vehicle from all non-collision damages by purchasing this type of insurance. This may include protection from robbery, vandalism, and fire or flood damage. Uninsured Motorist: If you are hit by a driver without insurance, this type of insurance coverage will protect you. Under-Insured Motorist: Many drivers have liability insurance that can't pay for all the expenses they are supposed to take care of. Under-insured motorist coverage covers you from those drivers. Other types of car insurance, such as car rental, are also available. What you pay for auto insurance varies by company and will depend on multiple factors, such as: *Your desired coverage *Your vehicle's make and model * Whether or not you have been in an accident * Your age, sex and marital status * The place where you live Don't procrastinate buying auto insurance; you should never be on the road without it. Review your needs, research your options, and with the support of your insurance agency, make the decision that best suits you. Insurance Clermont