Usefulness of Auto Insurance

By Uzoma Amaole

The world we live in was created for humans to meet with different necessities of life for all mankind. In man’s quest for the provision of basic things of life, he has created a niche (inventions) for himself to suit his or her needs and comfort. The world can now boast of great inventions such as; electricity, motor vehicle, bulbs, airplanes, bell, medical drugs, etc.

In all wisdom, there is one aspect of life that man cannot determine is life’s contingencies. In order to protect an unexpected loss of life and properties, Insurance serves as the back bone to such contingencies.
Of primary concern, Auto Insurance is a part of insurance that has been useful to individuals and corporate organization depending on the State’s terms of policy. Assuming a vehicle driving down the road and makes a sudden decision in a lapse of judgment that results in causing damage to another and personal injury to the affected driver and his or her passengers. But an auto insurance policy covers the affected people. Imagine a world without insurance.

Auto Insurance is a policy purchased to protect a car (vehicle) and people inside in the case of theft or accident. There are different policies covering different situations and state regulations will determine how they work in some cases. In most states, there are various auto insurance available to us. Would discuss three of such policies;

i. Personal Injury Insurance
ii. Third Party Insurance
iii. Comprehensive Insurance

As the name suggests, Personal injury insurance covers for the affected driver and his or her passengers’ injury incurred in the event of accident.
The third party insurance only covers the other driver’s damaged vehicle in the event of accident at the insurer’s fault.

While the Comprehensive insurance is a compact auto insurance policy that covers vehicle and all its internal accessories as well as the other damaged vehicle whether the driver is at fault or not in the event of an accident.

It is important to consider the terms of the policy when purchasing auto insurance especially whether or not they will cover you against other uninsured drivers. This guide will protect you from mistakes other people might also make. Drivers can save money or troubles replacing their car by having their new auto insurance.
However, here is some usefulness of an auto insurance policy;

1. Provides a life guarantee in the event of an auto accident.
2. If the auto accident is the driver’s fault, it would cover all legal costs as well as costs to repair other driver’s vehicle and his or her medical expenses, (Liability auto insurance).
3. Medical expenses and vehicle repairs are paid to the insurer if he or she is not at fault in the event of an accident.
4. In the case of flat tire, faulty head-lamp, locked in car, dead battery, etc; the auto insurance comes to the rescue.
5. The driver and passengers are covered for medical, lost wages and house hold expenses regardless of fault, (Personal Injury Protection).
6. Coverage for towing and labor if car is disabled and cannot be driven.
7. Protection in the event of vandalism, theft, animal strikes, hail, windshield cracking and fallen trees, (Comprehensive Auto Insurance).

The usefulness of auto insurance is laudable. It provides peace of mind and is really priceless in the event of an accident.
Having a paid auto insurance policy puts you on a twenty four (24) hours safety for road assistance and saves you money from all contingencies.

For more about auto insurance and the latest quotes please Click Here!