Financial Security and Your Insurance Coverage

Each year, more cars and drivers are on the highways. With so many vehicles on the road, accidents can happen. If you get in a car accident, the car insurance you own can make a big difference in the experience you have. So how do you know what type of car insurance you need and the quantity you should purchase? Insurance requirements will differ by state/province, but usually include the following: Liability: Pays for the expenses you are responsible for in a car collision, including injury and property damage. If you are in legal trouble, it also pays your legal fees. Local laws usually mandate minimum amounts of liability insurance, but higher amounts are available and very beneficial. Personal Injury Protection: Personal injury insurance is mandated in some states and is optional in others. It pays you or your passengers for medical treatment resulting from a crash, regardless of who may have been at fault, and is often called no-fault coverage. The minimum amount of personal injury protection is usually set by local government. Medical Payments: This coverage is available in non-no-fault states; it will pay regardless of who may have been at fault. If this type of coverage has been bought, the insured person will receive payment for all types of medical or funeral expenses. Collision: This pays for damage to your car caused by an accident. Comprehensive: Protect your car from all non-collision damages by purchasing this type of insurance. This may include protection from theft, vandalism, and weather damage. Uninsured Motorist: If you are hit by a driver without insurance or a hit-and-run driver, this type of insurance will protect you. Under-Insured Motorist: Just like uninsured motorist protection, this kind of insurance covers you from people driving without enough insurance coverage. Emergency road service, car rental, and other varieties of car insurance can also be purchased. Your car insurance payments varies based on the company and will depend on several factors, such as: * Which policies you select * The make and model of the car you own * Your driving record * Your age, gender and marital status * The place where you live Many people think of car insurance as a necessary evil, but it can rescue your finances. Review your needs, research your options, and with the help of your insurance agency, make the decision that best suits you. Car Insurance Groveland