Do you own a car insurance? Then you might already know the implications of it in case of a car accident. The liability insurance can get quite expensive and some people consider it useless. You are paying a monthly sum of money on something that’s going to potentially happen in the future. But here’s the thing: the costs you pay on car insurance cover the entire damage you can cause in traffic. Without insurance, you would pay a huge amount of money all at once, without being prepared for such spending. A car insurance does cover even bodily injuries by paying for the medical bills and lost wages that are caused by the accident you provoked. Of course, these are details that should be discussed with your car insurance company, but here are some facts that will surely change the way you perceive this type of insurance:
You can travel the world and keep your car insurance
People often misbelieve that traveling or even moving away to another country automatically means that your car insurance is gone. Well, that’s now how things are actually working. Each country has different requirements for auto insurance, and some may be stricter than others. If you already own a certain car insurance and you want to keep it while you are traveling or temporarily living in another country, simply seek for and see if they can help you with all the papers. This is the easiest, most efficient method to cope with such situation and you shouldn’t encounter any issue if you are doing everything correctly from the very beginning. See what services you can make use of and settle down on an offer early enough.
Towing & rental cars
Each car insurance provider can decide whether they include towing and rental car insurance into their offer. With such upgrade, costs will surely change as well. Usually, towing coverage includes tire changing and battery jump-starts at the same price. Services like these can be very helpful but you need to carefully discuss the limitations of this type of insurance. The same goes for rental car insurance. The moment you rent a car, you are probably thinking about all the things that could happen: theft, vandalism, car accidents, damaging weather and so on. It may or may not be your fault, but damages do have to be paid. That’s the moment when rental reimbursement intervenes. You can also select per-day car insurance when you rent a vehicle, which may be cheaper than opting for an extra service at your auto provider.
Car insurance is actually legally required in many countries
Car insurance may be optional in some places, but most countries and cities are requiring it through their regulations. Not owning car insurance is a legal misdemeanor that has serious consequences. Next time you are rethinking your options, make sure that you gather information about your country’s law. Traveling or moving away involves an in-detail look-up of each issue that could influence your insurance policy.