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Auto insurance serves many purposes. It protects other people should you cause an accident. Your liability insurance would, in most states, pay for the damages to their property and their medical bills. However, it is also intended to protect you. Collision insurance would pay to repair the damages to your car in an accident. Comprehensive coverage is designed to protect you from other events such as vandalism and theft. Finally, insurance is designed to protect your other assets should there be a lawsuit. You should ideally carry levels high enough to protect all of your assets in the event that you are sued after an accident.

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โˆ™ 2011-08-22 19:22:26
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Q: The Many Purposes of Auto Insurance?
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