The unpredictability of life events has made men invent policies that cover any occurrence. One of such is having insurance policy plans, either for your house, car, properties, even your life. This is why car insurance is one of the most important policies you should have when you become a car owner, as it saves you from a lot of trouble associated with being a road user.
Motor vehicle insurance, also known as automotive insurance, is a contractual agreement between you and an insurance firm that helps you lessen the financial burden or transfer risk of any loss incurred on your person or car in the event of an accident.
An article on car insurance touched on various misconceptions of auto insurance and how to navigate the process, in all the narratives, one thing is quite obvious, though it requires you to make regular payments for what you do not use regularly, you cannot do without car insurance covers.Most states make it mandatory to purchase all the car insurance policies offered by the companies, it may look overbearing but it is for your own protection, should you get involved in an accident that requires multiple coverages to cover your risk or financial burden. The people behind insurancenavy.com/driving-without-insurance/ have also explained why you need vehicle insurance, but if you are still skeptical, here are some convincing reasons.
1. It Helps You Be Your Brother’s Keeper
You have a moral responsibility to purchase an insurance policy once you become a car owner. WHY? Life is unpredictable, someone’s existence may be hinged on you driving your car on a highway or a busy road on a random day. Having an insurance cover could save that person from dying or leaving with a permanent scar on his or her body.
Being your brother’s keeper means you should not inconvenience others with your own negligence by failing to buy car insurance or making payments to cover your premium.
2. To Protect Your Investments
Everyone buys a car that they love or crave, which means you would do anything to protect your C-class Benz, GT convertible, or Ford Mustang that you cherish.
The best ways to show love to your dream car is getting an insurance cover and paying your premium regularly so that when you get involved in an accident that damages the car, you don’t lose your total investment, rather you have money saved up to cash out and repair it.
3. Be A Law Abiding Citizen
By virtue of the law, you must have insurance coverage as a driver, this is why police officers require your vehicle registration, driver’s license, and evidence of insurance when you’re pulled over.
When you’re involved in an accident, you could be involved in a legal tussle that may lead to a lawsuit whether you are guilty or not. Having a vehicular insurance cover saves you from the hassle of litigation, as your insurance firm will make sure you have the needed legal representation throughout the proceedings.
4. It Can Save Your Life
Many times, automotive insurance saves you from incurring accident-related medical costs because your policy will cover injuries in case of an accident. In fact, it covers more than one injured party.
Insurance cover could save you from bankruptcy and financial ruin if you want to get the best care after an accident without worrying about the medical bills.
5. It Can Save You From Bankruptcy
Maintaining a car is quite expensive, then having to deal with theft of your dream car which took you years to save up for, before making a down payment could have its toll on your mental health and financial volatility, therefore buying a vehicle insurance coverage is the best advice for every car owner out there.
6. To Keep Your Human Right Privilege
Some states are backed by law not to register cars that do not have insurance covers, though it is an infringement on basic human rights in the large scheme of things, they are trying to protect other road users from being hurt by your recklessness and inability to pay for it when you do not have an insurance cover.
Accidents are mistakes, and it could be anyone’s fault. Therefore, your readiness to own a car and drive comes with the responsibilities of having a vehicle insurance cover and paying your premium regularly, if you cannot do these things, why buy a dream car?