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Financial Security and Your Homeowners Policy

The amount of cars on the road increases each year. With the increasing number of vehicles on the road, accidents can happen. If you get in a car accident, the auto insurance you own can make a big difference in what happens next. So how can you figure out which type of insurance you need and how much you should buy? Coverage requirements will differ by state/province, but typically include the following: Liability: This type of insurance coverage will pay for the damage that you are responsible for. These damages can include personal injury, and property damage. If you are in legal trouble, this type of insurance will pay for your legal fees. Recommended, more comprehensive levels of liability insurance can be purchased that take care of more than the lower, state-mandated varieties. Personal Injury Protection: This type of insurance pays for the medical treatment for you and other people in your car, regardless of who was responsible for the accident. It is commonly called no-fault coverage. The minimum amount of personal injury protection is typically set by the state. Medical Payments: This type of coverage can be purchased in non-no-fault states and will pay regardless of who is responsible for an accident. If this policy is purchased, the insured person will receive payment for necessary medical and funeral expenses. Collision: Damages resulting from a car accident will be covered under this type of insurance. Comprehensive: Protect your car from damages from other sources when you buy this type of coverage. This includes protection from burglary, vandalism, and fire or flood damage. Uninsured Motorist: If you are in an accident with a driver without insurance, this type of insurance coverage will make sure you are covered. Under-Insured Motorist: This pays for collision expenses when a driver with insurance is in an accident caused by another person who does not have enough liability insurance to pay for the full cost of the damages. Other types of coverage, like emergency road service, are also available. What you pay for auto insurance varies by company and will depend on several factors, such as: * Which policies you select * The type of the car you drive * Your driving record * Your age, gender and marital status * The place where you live Many drivers don't want to pay for auto insurance, but it is honestly something you don't want to live without. Evaluate your needs, do your research , and with the guidance of your insurance agent, choose the option that best suits you. Car Insurance Groveland

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