Comprehensive Liability Insurance Questions?
12:53 AM
Most of us would be in a large amount of financial trouble if we did not have insurance. Think about it; if you get in an accident, what happens? Those who have insurance make the call to their insurance company to make a claim; those who don?t have a rude awakening coming to them. Face it; having insurance is an everyday occurrence. Without it we would go crazy worrying about accidents that might happen in every aspect of our lives.
We have all used or will use our insurance at some point in our lives. Most of the time we do not need the insurance and we complain about the premium that goes along with it. It isn?t until you actually make a claim that you were glad you had it. Other than that, we find it useless and just another bill; but we still keep it around.
When you get insurance, the most basic form is liability insurance. This is the insurance that covers the base of things when you get into an accident. The fact is, in an accident, there is going to be someone liable for it. This person that is deemed liable will be responsible for all damages: mental, physical and structural. This is a financial disaster waiting to happen.
You may have heard Liability Insurance called Third Party Cover. This is simply another name for it. Whichever you decide to call it, you could end up bankrupt if you do not have it as coverage on your insurance policy. The victim will take their claims to the court, win and liquidate all your assets leaving you nothing. Moreover, there will be more court costs associated with it as well. These situations have been known to last years on end and drain even the strongest person.
You should take out Third Party cover on all motor vehicles in your possession; including items like motor scooters. When you have cover, you will not be responsible to go to court and fight or negotiate terms and the like. This is what you pay the insurance company a premium for. Most of the time you will not use it; however, you will eventually and it will pay for itself. In the event of an accident, you will only be responsible for the excess. This is basically the amount that was predetermined during the signing of your policy. It is the money that you have to pay out of pocket before the insurance actually kicks in.
Consider other insurance options when you choose liability insurance. You want to make sure that in the event you have an accident, you will be fully covered for damages and more. Most people wait until it is too late; do not be that person. Ask your insurance agent today for more information that would best suit your needs.
We have all used or will use our insurance at some point in our lives. Most of the time we do not need the insurance and we complain about the premium that goes along with it. It isn?t until you actually make a claim that you were glad you had it. Other than that, we find it useless and just another bill; but we still keep it around.
When you get insurance, the most basic form is liability insurance. This is the insurance that covers the base of things when you get into an accident. The fact is, in an accident, there is going to be someone liable for it. This person that is deemed liable will be responsible for all damages: mental, physical and structural. This is a financial disaster waiting to happen.
You may have heard Liability Insurance called Third Party Cover. This is simply another name for it. Whichever you decide to call it, you could end up bankrupt if you do not have it as coverage on your insurance policy. The victim will take their claims to the court, win and liquidate all your assets leaving you nothing. Moreover, there will be more court costs associated with it as well. These situations have been known to last years on end and drain even the strongest person.
You should take out Third Party cover on all motor vehicles in your possession; including items like motor scooters. When you have cover, you will not be responsible to go to court and fight or negotiate terms and the like. This is what you pay the insurance company a premium for. Most of the time you will not use it; however, you will eventually and it will pay for itself. In the event of an accident, you will only be responsible for the excess. This is basically the amount that was predetermined during the signing of your policy. It is the money that you have to pay out of pocket before the insurance actually kicks in.
Consider other insurance options when you choose liability insurance. You want to make sure that in the event you have an accident, you will be fully covered for damages and more. Most people wait until it is too late; do not be that person. Ask your insurance agent today for more information that would best suit your needs.
About the Author:
Graham McKenzie is the content syndication coordinator for Carinsurancesa.co.za. South Arica?s leading Car Insurance portal, which provides cover for all Car Insurance types.
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