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Financial Security and Your Homeowners Coverage

There are more drivers on the road every year. This could lead to a higher possibility of a car accident. The difference between a little bother and large obstacle can be car insurance. But why do you need insurance and just how much should you buy? Insurance requirements will differ by state/province, but usually include the following: Liability: Liability pays for expenses due to personal injury and damage to property that you are responsible for. If you are sued, it also pays your legal fees. State laws usually require minimum amounts, but larger amounts are available and extremely helpful. 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. State government usually sets minimum amounts. Medical Payments: Medical payment coverage can be purchased in states that are not considered no-fault; it pays regardless of who carries responsibility for a collision. This insurance will pay for an insured person's necessary medical and funeral expenses for bodily injury from a crash. Collision: Damages that occur from a car accident will be paid for under this kind of insurance. Comprehensive: This applies if your car is stolen or damaged by something other than a wreck, including fire, wind, hail, flood or vandalism. Uninsured Motorist: Pays for repair and replacement costs when someone with insurance is in a crash caused by a driver who does not have liability insurance or by a driver who cannot be identified (usually a hit-and-run driver). Under-Insured Motorist: Pays for collision expenses when a driver with insurance is in a crash caused by a driver who does not have enough liability insurance to pay for the total cost of the damages. Other types of coverage, like emergency road service, can also be purchased. Golf Cart Insurance Clermont