Despite the fact that you might be stuck paying hefty premiums when it comes to insurance, you absolutely want to make sure you are covered. When you think about car insurance, the whole reason it was even exists in the first place is to give people the chance to protect themselves. Then when you consider that it was made a law so that everyone would be protected, you can understand just how powerful the insurance world is. It’s not just about protecting your assets however; you also want to protect yourself from lawsuits and any sort of legal liability that could come your way in the event of an accident.
Even Potential Liability Can Cost Money
When you think about how many lawyers are out there these days, you have to consider what liability really means. Even if you haven’t done anything wrong, you could still find yourself getting hit with a lawsuit. The last thing you want is to be stuck with is a lawsuit (albeit frivolous) just because someone else hired a “no fee unless we get you paid” type of lawyer.
It doesn’t matter what you did or didn’t do. What does matter is that the second you have a lawsuit brought against you, you still have to defend it. Showing up in the courtroom, trying to hire your own defense team, missing work, and possibly even losing a case could all be on the line and could cost some big bucks. However, if you don’t have liability insurance then you don’t have an entire insurance company standing behind you to help you along the way. Without the experts and professionals on your side, do you really want to risk going to court?
Liability Doesn’t Judge
Another thing that is a big deal (or could become one) is that liability insurance doesn’t judge you when things happen. If you happen to slide on the ice while you are driving, if you happen to back into your neighbor’s fence, if you wind up driving through someone’s garage, then you still won’t be judged.
Liability insurance is literally only there so that when things go wrong you will be covered. That’s exactly why the top insurance reference resources such as CoverHound say liability insurance for cars is the one must-have auto insurance. The physical damage section of any insurance policy is obviously great because it provides you coverage when you need it most.
Liability Cuts Costs
Another thing that really makes liability insurance a must-have (aside from the fact that you legally need to carry it), is that it can be a great asset. Carrying liability insurance means you have a contract in place with an insurance company. They legally represent you if anything happens that you could be liable for when it comes to using your vehicle. Another big thing you have to consider then is that the second you find yourself in a jam, you could be dealing with a car insurance liability dilemma. With liability insurance, your insurance company can step right in and handle any and all of the problems you have. By filing a claim and being assigned to an adjuster or a professional rep on the team, you are essentially able to access your own professional claims staff and have them on retainer.
Going through any claim can be a nightmare. Aside from the accident or incident itself, you then have to worry about all of the chaos that can follow when it comes to who is going to pay for the damages. While you may not love paying your bills up front each and every month, the fact of the matter is that if you ever need to use your car insurance, you will be more than happy that you have a professional on hand.