Advertise with Us

Bookmark and Share

Do You Need Automobile Insurance?

Anyone who has a car needs to think about automobile insurance at one stage or another. Getting in your car and hitting the road can be a bit of a gamble – you can never really be sure what is going to happen. Accidents occur on the roads every day, some more serious than others, and it can come down to luck whether you are involved or not. Road accidents can be terrible things to be involved in, even if they do not cause injury. If you have ever been in an accident then you will know that it is a very shocking event and can be extremely upsetting to those involved. If there is injury involved, it is even worse, whether that injury is to you or caused by you. So, with the chance of being in a road accident every present, it makes sense that you should take out automobile insurance to protect yourself in case it happens to you.

The Basics of Automobile Insurance

There are many insurance companies out there that will sell you automobile insurance, so it is a good idea to get to know the basics of automobile insurance so that you can make an educated choice in who will get your business. There are different types of automobile insurance that you can choose from. The three most common are liability insurance, collision insurance and comprehensive insurance. Liability insurance is the most basic of these. This type of automobile insurance will cover you if you are driving and you cause a crash or are in some other way liable for a road accident. This insurance will cover the cost of repairs to the other party’s car, and will pay for any injuries that they other party receives. This sort of automobile insurance will not cover the person at fault for their repairs or injuries, however.

Collision and Comprehensive Insurance

Collision insurance and comprehensive insurance are higher levels of automobile insurance. In the event of an accident in which you are at fault, collision insurance will again cover the costs of damage or injury to the other party involved. However, this sort of insurance will also cover you when you are fault. Comprehensive insurance will also cover both parties in case of a road accident, but will also cover you for other damage, such as that caused by theft, attempted theft, fire and so on. Most people will choose to at least have liability insurance, if they can afford the repayments. This is because, if you do not have any insurance then you will be left out-of-pocket if you are involved in an accident. The cost of paying out someone else involved in an accident could run into the thousands of dollars, and the situation could turn into a very nasty legal battle if you are unable to pay the required amount straight out.

What Happens After a Road Accident?

If you are unfortunate enough to be involved in a road accident, then there are several things that you will need to look out for. The first thing that needs to happen is to work out who is at fault. It will be natural for people to try to get out of being at fault, but what happened is normally obvious from the nature of the damage on the cars. If you were at fault, then it is your responsibility to work things out from there. If the other person was at fault, then it is their responsibility. After this, you should get the details of the other person involved in the accident. Take down their name, license number and any other details on their drivers license and registration papers. Always note down the make and model of the car, the color and the registration plates. If you have a camera or a cell phone with an in-built camera, then take photos of the damage that has been caused to both cars straight away. This could be useful if there are any disputes.

How Will the Insurance be Paid?

If you are at fault, then your insurance company will pay out the assessed damages to the other party involved. If the other party is at fault, then technically it is their insurance company that is supposed to pay you. However, if they do not have insurance and they can not pay you, then things will start to get a little trickier. If you have collision or comprehensive insurance, then you will be covered by your own company. That is why it is better to take out as high a cover as you can afford. Perhaps then you can simply ask the other party to pay your excess, if they are not able to afford to pay the full amount of damages. Insurance is a tricky subject for many people, so make sure that you are educated and that you take out the best type of insurance for you – this could help you to walk away from a road accident without being too out-of-pocket.