Although you are required by law to have car insurance if you own a car, it is more advantageous to you than you may think. This is because automobile insurance policy provides protection from a wide range of risks that you may be exposed to. You should understand that it is illegal to drive around without valid car insurance and will definitely get into trouble with the authorities. In addition to helping you avoid problems with the authorities there are some other important benefits of having automobile insurance. The following are some reasons to have automobile insurance.
Buying a car is one of the major investments you will make in your love, but sometimes this car can be stolen and you fail to recover it. If such a scenario occurs you will either have to buy a new car or get used to life without a car. But if you have comprehensive car insurance policy you don’t have to worry because the insurance company will compensate you. Even though it will not be a brand new car, it will replace the stolen one. Most automobile insurance policy never pay for damage due to animal collision but a comprehensive insurance policy will have you covered even under such instances.
Having automobile insurance policy means you will not pay for the accidental damages to your car. In case you are involved in an accident and your car is damaged, it will need repair, some time the damage can be quite considerable and expensive to repair. But since you an insurance policy, your insurer will cater for the expenses of repairing the damages to your car. This is especially important if the damage to your car is substantial. During the period your car will be undergoing repairs you will not encounter any traveling problems because your insurer will provide you with a courtesy car to use during that period.
When you are involved in an accident while driving your insured car you are likely to incur some personal injuries. If you don’t have automobile insurance you will have to cater for your medical expenses and you know how fast they can pile up. However, if you have a car insurance policy, the insurance company will take care of your medical expenses as per the terms of your agreement. If you are involved in an accident with your insured car and a third-party is injured or his property destroyed, you will not paying anything because your insurance company will compensate the individual or the property destroyed.
A comprehensive automobile insurance policy will cover any damages to your car caused by fire. Regardless of the source of the fire, automobile insurance policy will have you covered and will issue a check for you. If you have a car insurance policy you can enhance it to cover some uncommon risks like terror or political violence. If you buy comprehensive car insurance policy then you car will be covered from natural calamities like floods and even manmade ones like riots which can result in damages to your car. These are the benefits of automobile insurance and the reasons to consider having one.