Monday, November 18, 2013

What Can Happen Without Insurance

When you drive, you must have insurance. If you don't, you may suffer from some harsh consequences. Here is an article by Wilson J Brian about the possible results of being uninsured.
 
Consequences of Not Having Auto Insurance
 
 
Imagine you do not have auto insurance and meet an accident. It is a dangerous situation. You face many problems. Driving without vehicle insurance is a crime. Sometimes even though it is not your fault you may get zapped, if you are unlucky. The following are the consequences you will have to face when you get into accident without an insurance cover.

Fines

You have to pay big fines for damages incurred in the accident. The fine varies from state to state, but it is heavy.

License suspension

When you meet an accident with more than limited damages your license will get suspended for 30 days to six months based on damages you incur.

Lawsuit

When a person is injured in the accident that you are responsible for, the other party will sue you for the damages. In such a case, you have to pay for the injuries or damages that happen to the people as well.

The damages may include property damages, medical bills, pain and sufferings, loss of wages, loss of enjoyment in life, etc.

Sometimes even small damages also cost you more ranging from ten to thousands of dollars. If you lose one of the lawsuits, the court will issue a judgment that may be executed against your bank account, your house, your wages, and sometimes even your personal property in the future.

Purchase auto insurance

Purchasing auto insurance helps in situations just stated. You will also get the benefits/protections like indemnification and defense. These two protections are very essential when you are enough unlucky to be faulted with in the event of an accident.

Indemnification

The insurer will pay for the damages incur in an accident, and you are responsible for the policy limits, if the damages exceed the policy limits, you have to pay from your own pocket.

Defense

The defense lawyer will convince the court of law in your favor when you hire them and they will charge the amount on the basis of hours. The hourly rate is normally $150 to $200 per hour for defense attorney.

The case should be solved early because if it extends for years, it will be expensive for you. The law requires your insurance company to hire a defense lawyer and help you in paying the amount.

Thus, when you are implicated in an auto accident, you may face such hassles that bring anxiety and stress. It is for this reason that you should purchase auto insurance. Purchasing an insurance cover according to your need will help you protect yourself in the unfortunate event of an accident.
 
Big-topics.com cover important topics on several categories including home, recreation, health, and business. It focuses on providing unbiased and functional information on significant topics to understand things easily and quickly.
 
 
Thank you Wilson! That article will surely serve as a warning.
 
Nadav
 
nadavs

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