Why Should You Buy Auto Insurance?
Insurance is based on the theory that most drivers will not be involved in accidents. Premiums paid by all drivers during the year are used to pay for losses of the few drivers who have accidents. When you buy insurance, you receive financial protection in case you become involved in an accident. You also make sure a person injured through your fault will recover for losses you cause.
For example, if you are in an auto accident, you may be found responsible for losses of other people involved. A claim may be made or a lawsuit filed against you, and you may not only have to pay for property damage but also for 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 do not have insurance, anything of value 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 this does not 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.
Contact us today to redo or start your auto insurance!