There are many factors that cause accidents in the streets. The fact is that even good drivers can get involved in a vehicular accident. Lapses in human judgment can cause even a good driver to be in an accident. The odds of getting into it cannot be avoided. The sad truth is that it can happen on times you are less expecting it.
No matter how careful you are in the road, the possibility of getting into an accident is always possible. That is the risk that is associated with driving and you must always be prepared for the worst thing that might happen.
A car accident can cause a lot of trouble. With the recession that is currently experienced worldwide today, having car insurance is a big help in case road accidents happen to you. It would be a big help in taking care of the financial responsibilities that you incur because of the unexpected event- being in a car accident.
What is the benefit of carrying car insurance? Why should I have one if others are not? These are good questions to ask actually. First, it is mandated by law that a driver should always carry auto insurance with him. This is for personal and financial protection in case an accident will happen.
Consider the financial chaos that a simple road accident can cause. Who will take care of the restoration of the car? If you have car insurance, the repair of your car will be shouldered by the insurance company. That is a big relief considering the high price of car repairs nowadays.
Aside from the car, medical attention will also be a problem. Where will you get immediate money in the case of accident? If you are insured, the car insurance company will also pay for any medical expenses incurred during the accident. And if you are still covered, even the days that you are unable to work will also be reimbursed by your insurer.
Another thing to consider is the repair of the third party’s car. If you are at fault, you will pay for the total damage to the other person’s car. However, if you are being backed up by your insurer, they can take care of the repair of the other car. Lucky for you, you will not be experiencing the hardship of making a settlement to the other party as compared to if you do not have car insurance to help you. So ask yourself, is this worth the amount you are paying your premiums?
The terrible thing if you don’t have car insurance is that you are financially liable of course. And in case you can’t pay for the amount, this might give another problem again. Legal actions will be made and how much time do you have in attending to court hearings while doing something to recover from the mishap at the same time. Time managing will also be affected. That is just a minor worry, but if you think about it, it can guzzle most of your time and effort.