What is the purpose of buying car insurance?
2 Answers
The purpose of buying car insurance is to reduce the owner's losses to a certain extent. Here is a detailed introduction to car insurance: 1. Vehicle Damage Insurance: Vehicle Damage Insurance covers losses caused by natural disasters or accidents within the scope of insurance liability. 2. Third-Party Liability Insurance: Third-Party Liability Insurance covers direct property losses and personal injuries to third parties caused by accidents involving the driver. 3. Theft and Robbery Insurance: Theft and Robbery Insurance covers losses due to the entire vehicle being stolen, robbed, or snatched, as well as reasonable repair costs for damages or missing parts and accessories during the theft, robbery, or snatching period.
I think car insurance is super important, mainly to protect my own wallet. In case of an accident, repair costs can easily run into thousands of dollars. Without insurance, I'd have to pay out of pocket, which would be heartbreaking. I drive to and from work every day, and in traffic jams or rainy weather, the roads can be slippery, making it easy to skid. Once, I almost hit another car, but luckily I had comprehensive insurance, and the insurance company handled it quickly. Car insurance can also cover the costs if someone else is injured or their car is damaged. For example, liability insurance is required by law, and driving in the city without it could result in a fine from the police. Additionally, many insurance policies include roadside assistance services. If you have a flat tire or run out of gas, a quick phone call brings help, saving a lot of hassle. I recommend that new drivers start with more comprehensive coverage—it might be more expensive, but it’s worth it. Otherwise, small issues can turn into big problems, costing even more money.
