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Advantages of A Car Insurance

Car insurance is mandatory by law. One may find themselves against the law when their car insurance is invalid. In case of bodily injury or cause of death to a third-party or damages, compensation is provided by car insurance. A third party insurance provides security to family members and yourself when driving your car. You’re protected from man-made or natural calamities such as cyclone, earthquake, hurricane, riots, terror attack, and theft and also third-party damages or claims, comprehensive car insurance gives protection to all. Most people may find it difficult and confusing to understand car insurance. When choosing a car insurance policy, there are certain guidelines that buyers should follow. One person you can always rely on during crisis to be there for you is car insurance. You protect yourself from paying large sums of money that would be needed to cover losses in case of an accident. Find out ways in which car insurance is advantageous.

It protects you from total loss. You’re protected from losing your car totally when you have insured your car. Your car may be stolen and not recovered. Things that may cause you never to see your car again maybe due to it been driven to another country or cannibalized for parts. The aim of some thieves may be to strip the car and sell its spares since they are very lucrative. It’s possible for your car to be written off after an accident has occurred. Such cases are when all the amount of money spent in repairs exit with 50% of the money the car is assured. Insurance companies write off such cars instead of repairing them. Your car may be burnt in a fire accident, which leads to the total loss of the car. Your claims will be settled by an insurance company in such a case thus giving you a new car.

You are covered from car parts left. Your car may be targeted by car thieves for theft of car parts. Key components may be lost to thieves despite you having an intact car. Spare parts market is very lucrative in most countries. In such cases, thieves will strip your car and remove certain parts such as a tail lamp, headlamp, car stereos, and wheels and resell them in the black market. An insurance company will compensate you for the loss when you make a claim based on such risks.

Accident damages will not be compensated by you. When damages are done to your car during an accident, you saved from getting money out of your pocket. An insurance company will pick tabs up when an accident occurs to make necessary repairs for damages caused to your car.

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