Why You Should Not Become Uninsured
Auto insurance can be quite expensive and this represents a sensitive matter for those who have a low income and a limited budget. This is the main cause of so many drivers who choose to become uninsured or underinsured. Those with financial limitations should talk with the Insurance Department of their state and seek for auto insurance protection programs financed by state for low-income drivers. But with those who have the money, but do not want to get proper coverage, there is another problem and they will face the legal consequences when caught by authorities. Find out why you should not remain uninsured or underinsured and use our website to get car insurance quotes online free.
Being uninsured and underinsured has potential disastrous financial consequences for you. First of all, if you cause an accident, you will be directly responsible with paying all bills for property damage and bodily injuries, plus other financial compensations the victims will require. If you do not have sufficient funds, the victims are eligible to sue you. When brought in front of the Court, the underinsured/uninsured status will clearly be against you and will determine a swift victory for the other party. You risk losing valuable assets that will be collected by the state and sold in order to compensate the victims. Losing your car, house and other valuable is not really we like thinking about.
The next thing to consider is repairing your own car, if it is damaged during the accident. Without proper coverage, you will have to pay everything from your own pockets. For you to pay several thousands of dollars or even tens of thousands, represents a huge financial burden. Even though you may have bought insurance, you must ensure that you bought the right policy. Only collision auto insurance pays for car repairs, no matter who caused the accident.
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