Having car insurance is required by law in Ghana and is a must have. If you cause an accident, the auto liability coverage required on your car insurance policy helps pay for the other party’s medical bills and property damage.
It also helps pay your legal fees, if you’re taken to court over the accident.
So let me ask you: What would you do should your brand new car get an accident?
- When the unexpected happens what do you do?
While most accidents are minor, serious accidents are not at all uncommon.
They can result in the total destruction of your vehicle or that of another driver, and in serious injuries that can leave someone off work for an extended period of time.
They can leave people dealing with final expenses for a loved one.
While car insurance doesn’t prevent these things from happening, it provides a financial security blanket that ensures that if nothing else, figuring out who everything will be paid for is one thing you don’t have to worry about when you’re dealing with an accident large or small.
Remember that an accident doesn’t have to be your fault for insurance to be helpful. Even when the other driver is at fault, it can still cover you if you’re involved with an uninsured or under insured motorist.
It can cover you for the rental car you need, and even pay for towing.
- Car insurance is the best of insurance you can have and it is affordable
Unless you’re one of the few who is independently wealthy and has a large supply of cash to draw on if you are faced with a claim against you, then car insurance is something you simply can’t afford to be without. Think about it this way: if you can’t afford the car insurance premiums, how will you afford the much, much higher cost of paying a claim out of pocket?
Car insurance exists to protect you against the very real risk that you could find yourself financially responsible for some large bills you can’t afford to pay.
It’s true that car insurance is something you pay for largely without using for long periods of time. But when the day comes that you do need it, it can save you from a financial disaster.
- Car Insurance doesn’t cover only accidents there is more to it.
Many people think that since they are good drivers, they have no need of car insurance. But there is another side to car insurance.
What happens if your car is stolen and wrecked? What happens if it’s destroyed by fire, or keyed by vandals?
Insurance policy is there for more than to cover you in the event of an accident. Most car insurance policies today come with a range of extra coverage and services that can make them valuable and helpful even if you never have an accident.
Things like roadside assistance and rental car coverage are helpful options that increase the value you get out of your insurance policy.
Car insurance is something every driver needs because no one can predict the future. Taking the risk of driving without insurance is not only illegal – it can have a far-reaching impact on your life should you make the gamble and lose.