Thank you for Following:

Tuesday, July 26, 2011

Liability Insurance

In the blink of an eye you could be involved in an automobile accident. That's why it is important to have motor liability insurance on your vehicle. Even if the accident was not your fault, you can still be taken to court. If the court does not agree with you, then you would have to pay the damages and injuries of the other person involved in the accident. This could get very expensive if you do not have liability insurance.

If your automobile does have liability coverage, your company will be responsible for paying the damages on the other car. Your insurance rates will probably go up. That would be a lot easier to deal with than a lawsuit that you would have to pay out of your own pocket. Most liability policies have limits. This is the total amount of money that the insurance company will pay out to cover you.

Usually the higher rate you pay on your liability policy, it will cost you more. So you must think about how much insurance protection you actually need and how much you can afford. There are a couple of different types of liability insurance such as single limit and split limit. When purchasing liability insurance you should work with a professional insurance agent who can help you determine what kind of policy you should buy. One other thing, most states require you to carry at least liability insurance. If you are involved in an accident and are driving without any insurance, you will be in serious trouble.

No comments:

Post a Comment

I love to read your comments. Thank you so much and I will visit back.

Disclosure Policy is valid from 21 October 2008. This blog is a personal blog written and edited by amiable amy. For questions about this blog, please contact me thru "comments" area of any post. This blog accepts forms of cash advertising, sponsorship, paid insertions or other forms of compensation. This blog abides by word of mouth marketing standards. I believe in honesty of relationship, opinion and identity. If it is a sponsored post, it may influence the advertising content, topics or posts made in this blog. That content, advertising space or post may not always identified as paid or sponsored content. Any product claim, statistic, quote or other representation about a product or service should be verified with the manufacturer, provider or party in question. It is the sole responsibility of the reader to weigh the product endorsement as legitimate.

LinkWithin

Related Posts with Thumbnails