Is it necessary to have car insurance

by Guest » Sat Oct 11, 2008 09:07 am

Why we need Car insurance, is it necessary to have my car insured?

Total Comments: 8

Posted: Sat Oct 11, 2008 09:58 am Post Subject:

Why we need Car insurance, is it necessary to have my car insured?

Why? because the law says you have to have it, and so does your lein holder...if you get in an accident injuring another do you have enough in your bank account to pay for the damages and injuries you caused? also the repair to your vehicle? if so then you know what maybe YOU don't need auto ins I would recommend a stock pile of oh, 350k min. :roll:

Posted: Sat Oct 11, 2008 10:00 am Post Subject:

Hi manoj, if you think you have assets that may be sufficient to cover the expenses that may arise when you unfortunate collide with another driver and cause him considerable damages, you don't need auto insurance, but, otherwise, yes, you're required to purchase auto insurance.

Posted: Sat Oct 11, 2008 04:53 pm Post Subject:

More correctly, most areas require "financial responsibility" of some sort. Here is the reality check... if I drove into your car and injured you and your family, would you think I should be able to just walk away and leave you holding the financial and emotional burden of the situation?

Posted: Sat Oct 11, 2008 06:53 pm Post Subject:

Kudos to all. I can not believe this question was even asked. Do you relize how life altering not having insurance would be for both parties? You could lose your home and evrrything you worked for. I wouldn't even want to consider a gamble like that. And how about the other person if they were injured...especially if injured seriously...if you caused the accident why leave them to fend for theirselves. Unreal.

Posted: Sat Oct 11, 2008 10:06 pm Post Subject:

Please don't drive to W. TN Manoj. Not that I'm suspect of your driving ability. But I would hate to be involved in an accident with you (that is your fault).

Posted: Sun Oct 12, 2008 06:52 pm Post Subject: hi manoj

All the people r taking car insurance only because the government laws are stating u to take it.NOt only 4r that it will be helpful when Insurance takers get into accidents.
Insurance companies pays u 80% of the charges.
A health insurance might be useful.
So,take the insurance policies.
Have a secured life.
Take care .

Posted: Mon Oct 13, 2008 10:58 am Post Subject:

Well put kiran. Insurance is one of those things in life that we all as responsible people should have whether it is auto, fire, health, life and so on.

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