Most car owners only think of car insurance as just another obligation they need to meet every month. This way of thinking often proves wrong when something untoward happens, and they need to carry the burden of bunting the upfront costs.
While protection coverage varies per service provider and extra services seem to be advantageous, the industry has a set of standards that need to be included in basic packages. An auto protection should not just be considered a liability, but an extra layer of security which can be accessed when the need arises.
Why some people still opt not to have auto insurance coverage?
People have a different understanding of auto insurance. Most think it’s just an extra expense offered by a dealership to make profits. As a matter of fact, older population rather than the younger ones, do not fully understand the need for such.
To make a clear cut definition, think of repair coverage. When car owners get into an accident, and the vehicle needs to be taken to the dealership for repairs, the only thing they think of is how to cover the expense for having the car done. This is where insurance coverage steps in.
Conservative thinking is what hinders people from getting this extra layer of protection. They often think of the negative aspects of the coverage rather than the positive contribution of the auto protection policy. Some of the various other reasons might also be about affordability, or some might be putting the costs for essential matters. But thinking of the probable consequences helps to determine what the importance of an auto insurance coverage can actually provide.
The Financial Responsibility Law
Though not new legislation, the Financial Responsibility Law aims to prevent liable actions against and erring an individual. This regulation requires an individual to possess absolute proof of his ability to pay for damages incurred during an accident.
Several states have approved the use of car insurance as a proof for a person’s financial responsibility. Some other means of providing evidence of financial responsibility includes posting of a surety bond with the state, cash security deposited with the State, and government bonds filed with the state.
The Financial Responsibility Law does not compulsorily require a car owner to have an insurance policy, but many states moved to consider possession of a car insurance plan as compliance with the existing guidelines. Law enforcement agencies can ask for proof if a driver is involved in an incident, during traffic stops, vehicle registration, or during reinstatement of a suspended or revoked driver’s license.
A person who fails to provide proof of compliance can be penalized with fines, suspension of license, or suspension of the vehicle’s registration. Several other repercussions are enforced depending on the gravity of offense which sometimes is based on existing state policies.
Delivering Quality Auto Insurance Plans to Help Drivers Comply With Existing Laws
Liberty Auto is a one-stop shop for any insurance coverage that is guaranteed to provide the exact vehicle protection any car owner would need. Offering four comprehensive plans, Liberty Auto is a trusted name in the auto coverage industry with reliable customer support that can be accessed 24/7.
There are four main plans tailored to provide every customer with the perfect solution to back any under the hood troubles:
- The Select Coverage covers the most vital components of your vehicle including the engine, suspension, brakes, transaxle, and several electronic and mechanical equipment
- Engine Coverage provides protection against pricey engine repairs. The policy coverage includes details to the engine parts including pistons, crankshaft, and the camshaft bearings.
- The Powertrain Coverage protects the vehicle’s powertrain including the engine, drive axles, and optional coverage for the turbocharger.
- Powertrain Enhanced includes the coverage of all parts under the Powertrain plan with the inclusion of the electrical components and the air conditioning unit.
Not running short on value-added features, Liberty Auto also provides car rentals, lockout assistance, roadside assistance, an unlimited number of claims, and national coverage.
