What Does Car Insurance Mean?
Car insurance is a contract between a vehicle owner and an insurance company that provides financial protection in case of accidents, theft, damage, or other unforeseen events involving the vehicle. It helps cover repair costs, medical expenses, and legal liabilities, depending on the type of coverage chosen. Car insurance is often required by law in many areas and offers peace of mind by protecting both the driver and others on the road.
Why car insurance is important?
Vehicle Damage Coverage: Protects your car from repairs or replacement costs due to accidents, theft, or natural disasters.
Legal Obligation: In many areas, owning at least minimal liability insurance is a legal requirement for vehicle owners.
Medical Expense Coverage: Helps cover the medical costs resulting from injuries sustained in a car accident.
Liability Protection: Shields you from financial responsibility in case of lawsuits following an accident.