Besides the fact that car insurance is mandated by the state in order to register your vehicle and be able to drive legally, it is there to protect you in the case of an accident be it your fault or not.
Car Insurance Is there for your own financial protection
It is possible that you will never have a car accident and never have to file an insurance claim. If so, consider yourself blessed. Statistics reflect that in the average persons life time you will have at least one accident – be it major or just a fender bender.
According to the CDC 32,000 people are killed yearly and 2 million are injured.
If you are found at fault for an accident and you don’t have insurance coverage, you will be legally responsible for the financial damage. You will also face legal trouble for not having insurance coverage, which is required by law in Florida.
If you only carry the minimum required coverage by law you will at lease not be held responsible for a portion of the cost of the damage you cause. Basic coverage does not cover damage to your own car. That would have to come out of pocket.
Basic insurance may cover:
Injuries, Pain, and Suffering to Others (within chosen limits)
Property Damage to the other vehicles or anything you hit
Medical Costs for You
Basic car insurance may protect you against financial ruin. If you are found at-fault in a car accident, the other party will come after you for compensation. If you have no car insurance, you will be held financially responsible and ver likely forced by court order to pay for all of it out of your own resources.
Going years without a claim can make you wonder if you need car insurance.
It is great to not have any claims. It will also help keep your insurance rates lower and you can avoid claim hassles.
You would be surprised at the things that happen and the claims we get daily.
You may think paying car insurance premiums is throwing money away, but the fact is, when something does happen, boy are you happy you have it in place.
Car accidents are a major hassle and a major expense if you do not hold a policy. If someone is injured that price tag can skyrocket and easily ruin you financially. Why take that chance? You are gambling with your future.
Florida mandates its own set of car insurance laws and enforces strict penalties when caught driving without it. Car insurance laws not only protect you from yourself but from the other drivers on the road. Keep your car insurance active at all times, you could just end up being grateful one day for that “useless” policy.
Would you like to go over your policy and see if you are getting the most coverage at the best price? Give us a call! We will happily work up a customized no obligation quote for you. Call Centennial Insurance Services at 239-247-5125 or visit www.cisinsfl.com a to learn more.