Auutomobile Insurance is important
Why automobile insurance is important
If you are a car or truck owner or driver, you are exposed to risks. If you are a business owner and has a fleet, your risks are even higher. Risks like accidents causing damages to your own or other's car or truck, damages to properties, injuries to yourself, your passengers, drivers and passengers of other cars, trucks or motorcycles, cyclists or pedestrians. It may or may not be your fault, but finacial implications can be great. You may need to repair the damages to your own car or is liable to repair damges of other cars or properties, people involved in the accident and sustained injuries will need medical treatments which may involve huge expanses. If someone is killed, the financial implications are even higher, especially if it is a high income earner.Because of such risks, it is wise to get automobile insurance. In most (I think all) countries, automobile insurance is important because a car owner or driver who is found liable to very high damages may be unable to pay, and the aggrived party or parties cannot get what is due to them.