Insurance plan usually comes in a package when you buy a new car. It is also one of the legal requirements that you need to fulfill. Every month you have to pay a big amount of money to your insurance company that you have doubt you need it, especially if you are a responsible driver and love to take care of your car. Why even bother? But car insurance does have a purpose, here are a few reasons why you should keep your car insurance.
Believe It, You Need It
Many insurance agents will over you an insurance plan that ensures your car’s protection. If you think that it’s a scam, you are wrong. You most likely need it. If you already have one but decided you want to close on your insurance plan, don’t do that. Preventative measure for your car is important. Better have a back-up plan then regret it later.
- For Your Own Monetary Protection
The risk of car accidents is getting higher every day. it can correlate with an increasing number of cars produce. Some policies ensue on what’s right or wrong on traffic. But not all of us do follow the rules, many irresponsible drivers, such as under the influence of drugs and alcohols are out there driving recklessly. A preventive action that you take beforehand can help you to protect you financially in case you get into something that you don’t want when you are on the road.
It will cover for your injuries, pain, and suffering that you endure after an accident. This includes medical bills that you may have which would automatically be done with liability policies install in your insurance. Hospital treatment can be quite expensive, more importantly, if you don’t have an emergency fund available as a back-up. A damage done to your car caused by the accident will also be reimbursed by your insurance company.
- For Your Car Repairs
Having car insurance allows you to also get the benefit of damage repairs that you may need. It will pay for your expenses in an authorized place. Most car insurance will give you 2 kinds of coverage. First, called comprehensive coverage that includes things such as if your car caught in flame, stolen, got vandalized and more.
The other one is collision coverage, such as the name suggested, it helps you in protection if you do get into an accident. Any inanimate object that you may crash into will be covered such as automobiles, mailboxes, trees, etc. Though, car insurance would not allow you to access your insurance for mechanical routine repairs that you may do. Car insurance is for unexpected incidents that may occur, not for your car check-up.
Just by those two reasons alone, professional suggested that you should keep your car insurance. This is for your own financial protection and for your just in case situations. Though what’s better is actually having an emergency saving account that you can depend on every time you need a back-up in your worst situation, so, start saving from now for your own security purposes.