1. It fulfills the legal requirement ? It is mandatory for legal reasons to have the basic alternative party insurance within the vehicle as a way to drive it. To save yourself from any legal penalty, you have access to the vehicle insured. Besides it's a symbol to be a responsible citizen.
2. It protects you against financial implications in case of injury to vacation ? In case of your accident in case you have damaged another property or have injured someone, you may have to pay damages which are beyond your means. It may turn into a liability forever. If you have insurance, your insurer will bear the money necessary for damages to an alternative property or vehicle or medical bills in case of your injury to somebody else.
3. It covers damages for a own vehicle or problems for self ? In case somebody else hits you or your car, you might have to still bear the expense of repair for your vehicle as well as the medical bills for your own personal injuries should the other person is just not in a position to pay for or is inadequately insured. These costs again may very well be quite overwhelming. Comprehensive car insurance covers your costs for own injury or vehicle damage.
4. It covers the auto against damages during earthquakes or fire ? You might never meet a major accident but an organic disaster just like a storm or earthquake may strike and damage your motor vehicle grossly. Your vehicle may catch fire caused by some internal problem or get damaged as a result of vandalism. Car insurance covers your car or truck against damages due to disasters, fire and vandalism. see also What Lowers Car Insurance Rates
5. It covers the vehicle in case there is theft or total loss ? Your car may get stolen. It may get totally destroyed or perhaps be rendered unusable on account of accident or act of nature. This absolute might result in substantial harm on your finances also. Vehicle insurance covers total loss in vehicle as a result of theft or accident.
6. Added advantages ? Insurance companies have tie-ups with garages where one can get cashless claims. Many add-on covers can be purchased like roadside assistance or decrease in key cover that can be quite useful in emergency situations aside from accidents.
Importance of Car Insurance
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