Why purchase Insurance

In short, why should you purchase insurance? Some answers you might think of, “you never know what is going to happen,” or “it is the law.” Every year millions of car accidents occur. If you can imagine a world without car insurance, every time you take your car, truck, or motorcycle out for a drive you are potentially risking everything in your bank account, and potentially all of your assets. An accident can cost thousands of dollars between medical bills and repairing your car. Do you have the extra money necessary to pay these costs? Most Americans live paycheck to paycheck. It would not be affordable for them to have to deal with an accident out of pocket. So what can be done about this issue? The best solution, they can purchase insurance. Insurance protects you.

There are many reasons why you should purchase insurance. Insurance is a way to deal with risk. Risk is an exposure to some sort of a danger or harm. Risks can come from all around us. Those things that cause a loss to us are called perils. If you own a house, there are many perils involved such as potential damage from fire, wind, tornados, or hail. If you drive a car, you face many perils such as other drivers who are speeding, icy roads, someone who is driving under the influence (DUI), or foggy conditions. All sorts of factors can cause you to have a wreck and damage your car. One of the easiest ways of dealing with risk is to purchase insurance. By purchasing insurance, you are able to transfer risk to someone else by paying a small amount every month, every six months, or every year. The amount is called premium.

Insurance is a must if you want to obtain your tag from the tag agency or if you want to transfer a title of ownership to a car. Also, if you have comprehensive and collision on your policy for your car you can add rental and towing and sometimes even roadside assistance. If you want to have those services available to you, you have to purchase insurance. Also, you might not have health insurance, but you can obtain a form of payment on your policy called medical payments which can pay if you are injured in a car accident. Insurance acts as a shield that you really can’t live without.

Ultimately, you should purchase insurance because it is the right and smart thing to do. We hope you will purchase it from us.