The Importance Of Car Insurance

1221 Words5 Pages
You can insure your car and save money at the same time The car insurance is the contract between the car owner and the insurance company. The owner of the car agrees to pay the premium amount and the company agrees to pay for the losses that are mentioned in the insurance policy document. Depending on the country and the location, certain terms of the car insurance might vary depending on the legal regulations. Some lower degree car insurance might offer additional benefits like the sustained from the things other than the traffic collision, like the damage sustained by colliding with the stationary objects and keying. It also offers financial protection against theft of the vehicle and other possible damages. The need for car insurance The car insurance is essential because it covers the expense of the vehicle in the event of accidents caused to other vehicles or car or pedestrian or passenger damage. Since accidents might happen to anyone, reassuring that the owner of the vehicle is covered financially is very important. The insurance provides the financial support when the car is destroyed, stolen or vandalized. There is only one time when the car insurance is not required and that is when the car is declared off the road through SORN (Statutory off Road Notification) from the DVLA. Simple ways to save money on insurance Compare the shops Nowadays it is easy to find out the affordable insurance companies that offer best deals on the motor insurance or car insurance.

More about The Importance Of Car Insurance

Open Document