The law requires every car owner to have an auto insurance policy. We obviously know that it’s the first thing the traffic department are interested in checking. But have you thought about it is importance? Few will answer yes. A car insurance goes long way to protect your health, your car and also your money. The following are some of the reasons that car insurance is of such importance.
1. Protecting your assets.
Every time you are driving on the road, you are putting your car and other assets at risk. Imagine what would happen if you had an accident. Your car will be damaged. May be even your health too. Repairing your car may not take all you assets, but restoring your health can. A car insurance policy will save you assets in case of an accident. The insurance company pays for the car repair and you hospital bill depending on the policy you have purchased.
2. Saving time in case of accident.
The insurance company assist you in the stressful post-accident process. This process is tedious and involve the claiming process, coordinating with another driver’s insurer and finding the best spare parts for your car.
3. It’s a way of saving for the future.
N insurance policy will protect you from unexpected and astronomical expenses. The little mount you pay as the monthly or annually premium acts as a saving, which you will help you cater for expenses that arise when you are involved in an accident. A policy that covers high limits of comprehensively for your car, your passengers and yourself can save you huge amount of money after an accident.
4. Supplements your health insurance.
Most insurance policies cover injuries that you sustain in a car carnage either as the driver or as a passenger. In case you donít have a health insurance, or your health insurance is in some way insufficient a car accident can step in.
5. Protecting your investment.
Cars are among the most expensive products that we invest in. protecting it against collisions and liabilities is therefore important. You also protect yourself from paying for damages coursed to other people’s property.
The law requires every car owner to have an insurance policy. This is also another reason why you should have one. You avoid so many inconveniences to you and to the state too when you purchase an auto insurance policy.
If you have any question on the best auto policy for you donít hesitate to contact you insurer for advice. Your bank can also offer such advice.