Buying a car, especially your first, is the second largest purchase you will ever make following a house. It's hard to think about it in that manner, because it suddenly raises the flow of your blood and you begin to think about how important your vehicle is to your assets. Is it well protected?
The law requires that every car on the road fall under basic or compulsory insurance. The law requires this insurance in the event of an accident where you are at fault with other vehicles. Your insurance will cover the damages done to other vehicles in the accident. The insurance will not cover your vehicle because you were responsible.
Most people who have owned a car at one time or another are well aware of the minor details surrounding car insurance, which doesn't hold true for first time car owners.
A vehicle is a valuable asset and one you should always maintain to protect. You would make a very unwise move not to. You don't want to be viewed as stupid do you?
Of course you do not. But people will refer to you as stupid if you go out, are involved in an accident, and now have no means to cover the damages. Now you are walking or biking to work.
However, if you have the common sense to take out comprehensive coverage, your vehicle is protected under several forms of damage and even theft.
Insurance premiums are not extortionate; instead they are calculated on an annual basis and should run at about 6% of the replacement value of your car.
If you are buying your first car, this is especially important. Chances are you are young and somewhat inexperienced as a driver. Comprehensive coverage will protect your vehicle from one minor mistake you might make or from theft, especially if your vehicle contains a lot of desirable goods for thieves.
These desirable goods might include radios, disc players, GPS systems, mobile computers, and other expensive items inside or outside the car. Comprehensive car insurance will protect all of that with the right policy.
Car theft happens all the time, as many robbers find radios, disc players, GPS systems, and other items in the car very desirable. Protect your goods with extensive coverage.
The law requires that every car on the road fall under basic or compulsory insurance. The law requires this insurance in the event of an accident where you are at fault with other vehicles. Your insurance will cover the damages done to other vehicles in the accident. The insurance will not cover your vehicle because you were responsible.
Most people who have owned a car at one time or another are well aware of the minor details surrounding car insurance, which doesn't hold true for first time car owners.
A vehicle is a valuable asset and one you should always maintain to protect. You would make a very unwise move not to. You don't want to be viewed as stupid do you?
Of course you do not. But people will refer to you as stupid if you go out, are involved in an accident, and now have no means to cover the damages. Now you are walking or biking to work.
However, if you have the common sense to take out comprehensive coverage, your vehicle is protected under several forms of damage and even theft.
Insurance premiums are not extortionate; instead they are calculated on an annual basis and should run at about 6% of the replacement value of your car.
If you are buying your first car, this is especially important. Chances are you are young and somewhat inexperienced as a driver. Comprehensive coverage will protect your vehicle from one minor mistake you might make or from theft, especially if your vehicle contains a lot of desirable goods for thieves.
These desirable goods might include radios, disc players, GPS systems, mobile computers, and other expensive items inside or outside the car. Comprehensive car insurance will protect all of that with the right policy.
Car theft happens all the time, as many robbers find radios, disc players, GPS systems, and other items in the car very desirable. Protect your goods with extensive coverage.
About the Author:
Graham McKenzie is the content Syndication Manager at Insurance123.co.za South Africans leading car insurance information portal
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