Often people understand the value of
opting for regular logbook service, or trust professionals to deal with
the mechanics of a car but not car insurance.
Especially those who never had to file a claim and are new owners; the monthly
payment of a high amount for nothing in return makes them frustrated.
But wait, there's more to car
insurance than just being a legal requirement. If you're one of them who think
taking your car to regular car
servicing is
enough, why bother for car insurance, then here is a closer look at the
significance of having car insurance.
1. Pays
for the Damages
You never know when your car may get
into an accident. And compared to car servicing costs, repairing a
damaged car due to an accident can get more expensive than you can imagine.
However, when you have the right car insurance, it saves you from the huge expenses
in case of an accident and helps you deal with the expensive claims through
coverage like bodily injury liability, collision, property liability, etc.
2. Lessens
Your Liabilities
Opting for regular logbook
service may not be a legal requirement in Australia, but a CTP insurance
(Compulsory Third Party Insurance) is certainly a must for every car owner. CTP
insurance simply helps in reducing your liability in case of an accident caused
by you and covers you or any person driving your car from the legal
ramifications, treatment costs and legal repercussions of the accident.
3. Covers
Your Treatments Costs
Remember, car insurance doesn’t cover
regular expenses like car repairing, car maintenance or car servicing. But when you have the
right car insurance, it certainly pays for your hospitalization and treatment
costs. Car insurance also covers the medical expenses that otherwise your
health insurance won't cover in case of an auto accident.
4. Saves
You from Hassle
The aftermath of involving in a car
accident cannot only be stressful but also time-consuming. Imagine you don’t
know about the mechanics of a car, but are told to repair
it. Similarly, if you don’t have the right car insurance but have to deal with
the adverse results of a car accident, you'll be in a mess. But with car
insurance, it's possible to avoid all that negotiating with the other car
owners or drivers or property owners involved in the accident and managing the
costs of replacing or repairing your damaged vehicle.
5. Offers
You a Peace of Mind
Not opting for regular logbook
service can be a stupid decision impacting on the flawless performance of
your car. But not having car insurance is a fatal blunder that can not only
cause serious tension but can take a toll on your financial health, even though
you’re not responsible for the accident. But with the right car insurance, you
get the financial and legal protection in case someone else hits your car.
Conclusion
Even if you know about the mechanics of a car, if you lack
understanding about the need for car insurance, you are yet to understand a lot
of about cars and how to keep them and yourself protected from sudden
accidents. Because, in the end, having car insurance is as imperative for a car
owner to ensure financial protection as regular car servicing is to keep your car in good
condition.
Comments
Post a Comment