March 09, 2009

Why Should You Buy Auto Insurance?

If you cause an auto accident, you may be responsible for the losses of the other people involved. A claim may be made or a lawsuit filed against you for those losses. You may have to pay not only for the property damage you cause, but also for the medical expenses, lost wages, and pain and suffering of any injured person. The amount of money you may have to pay could be substantial.

If you don’t have insurance, anything of value that you own, including your home, savings, future wages, and other assets, may be taken to pay for those losses. Auto liability insurance can help protect you so that this doesn’t happen. Liability insurance also pays for an attorney to defend you against any claim or lawsuit that may be payable under the policy.
You can also buy insurance to cover damages to your auto. This optional coverage will help pay for your losses whether or not you were at fault.

Insurance is based on the theory that only a small portion of all drivers will be involved in accidents. The premiums paid by all drivers during the year are used to pay for the losses of those drivers who have accidents. When you buy insurance, you receive financial protection in case you become involved in an accident. You also make sure that a person injured through your fault will recover for losses you cause.

8 comments:

Meryl said...

auto insurance is very important...
let's face the reality that we never know what will happen to us the next day....we must always be ready..so everyone...go get an auto insurance! ^_^

onafhanke said...

Hi,

I agree with you that auto insurance is very important for us because If you cause an auto accident, you may be responsible for the losses of the other people involved. A claim may be made or a lawsuit filed against you for those losses.

Thanks,
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Jessica Gomez said...

I acknowledge with you that auto insurance coverage is very essential for us because If you cause an automobile incident, you may be accountable for the failures of the other people engaged. A declare may be made or a court action registered against you for those failures.

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