The importance of auto insurance
The importance of auto insurance and the three types of minimum coverage required by law If you drive a passenger vehicle, the law requires you to have auto insurance. If you cause an accident, you may be held liable for any financial losses sustained by the other party. An insurance company will help you cover these expenses. These losses could go deep into your pocketbook in the event you have to cover not only property damage but medical expenses, lost wages, and noneconomic damages such as pain and suffering. In the absence of an adequate insurance policy, your assets could be seized...
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