Auto collision insurance is not mandatory and is not required by any state in the US. With that said, you have the option to include this type of policy to your existing insurance coverage. We highly recommend you do this because this will protect you and take care of all the expenses needed for repairs especially if your vehicle is damaged, and you are the driver at fault. In cases where your car is totally wrecked, this coverage will replace your vehicle without u spending a buck. This is the reason why drivers who are using leased vehicles that are not yet fully paid for choose this insurance to take advantage of this wonderful offer.
As a motorist, keep in mind that once you are on the road, it’s always a risk you are taking. No matter how passive, meticulous, or a defensive driver you are, it is a major mistake to assume that your surrounding is as meticulous, passive and defensive driver as you.
Accidents do happen in places where we least expect it. What we want to tell you is to avoid any future unnecessary payments in terms of repair costs and hospitalization bills for something that you do not own. The main reason why you get a loan for your car is the fact that you do not have the money to pay for it in full. Imagine an accident where you are legally instructed to pay thousands of dollars to cover medical bills, property damages, car repairs to the other party, and have nothing left to pay for your own needs.
Auto collision insurance is not only preferred by people who deferred their car payments but also to those who have already fully paid for their vehicle. The fact that this type of insurance will cover almost anything that involves collisions, it is extremely useful for people who travel a lot. Whether you admit it or not, those who are spending a considerable amount of time on the road will have more chances of getting into road mishaps. This insurance will serve as your safety net and will shield you from unnecessary financial troubles and legal suits in the future.
The term collision can be interpreted in many different ways. For the common people, collision means a physical contact between two objects, in our case, your vehicle and the other party. However, some insurers extend collision coverage to anything that involves road obstacles such as lampposts, trees, and more. If you are in doubt, it is best to contact your local insurance agent to clear these things.
In conclusion, you do not need to worry if the police report has indicated that you are the driver at fault. Rest assured that this type of insurance would take care of your financial liabilities that are required by law and your state. On the other hand, if the other party is the at fault driver, there is less to worry about because their insurance coverage would cover all your expenses. Therefore, it is wise and prudent to invest on auto collision coverage to have that peace of mind whenever and wherever you are driving.
