With thousands of cars going in and out of Manila, it’s no surprise that accidents occur. Accidents can be costly, especially if it involves bodily injuries. One way to avoid these unnecessary expenses is having car insurance. Car insurance can protect you from hefty fines and medical expenses, aside from providing you peace of mind as you drive.
Understanding the advantage of car insurance will allow you to see the importance of having one and help you get the maximum value from the insurance policy and coverage that you choose.
While the main benefit of car insurance is the peace of mind that comes with it, there are several other advantages of having yourself and your car protected.
Protection from financial liability
Could you afford to pay for the damages in an accident? If you can’t, then you will consider an insurance to help take care of the expenses that are involved in the repair or replacement. Moreover, if there are medical costs for the other driver and passengers, your insurance will cover these too. Who would want to be sued when you can have your insurance from that, right?
Coverage from paying medical costs
Being in a car accident is bad enough, worst is when you need a medical care. Hopefully, it does not happen, but it’s still best to be prepared when it happens, you want to be sure that medical costs are covered since it can be hefty for your financial capabilities. These can quickly rack up, but having an insurance saves you from paying them out of pocket. The good thing is that it also covers the driver as well as the passengers if needed.
Preparation for law requirements
First car owners are often required to have insurance, they require liability insurance at least and if you have an accident and you don’t have any to present, you can lose your license. Having an insurance can not only protect you but also keep you out from troubles if you have an accident.
Coverage from repair or replacement costs
Depending on the severity of the accident, you will need to repair or replace your car. Being under the protection of a car insurance saves you from significant costs that with accidents. If your car is totaled, you will receive a compensation of the same value.
Since it’s rainy season again in the Philippines, there will be floods in places and water can surely destroy your vehicle’s mechanical parts and upholstery – if there’s much damage, it could be considered totaled. This is when your insurance kicks in. You’d be thanking your insurance for this awesome coverage.
Freedom from worry
You can now drive confidently in Manila without having to worry about, just make sure you don’t become a reckless driver just because you have an insurance backing you up. Having an insurance allows you to enjoy driving more and drive better. If you’re under stress and tension, it can be risky for you.
There are plenty of advantages by having a car insurance and understanding more about them can help you the necessity of having an insurance. Since it’s not that common in the Philippines to have your own car insurance.