Auto insurance » Insurance Policy

Car Insurance Rate When You Have A Bad Driving Record

admin — Sat, 25 Dec 2010 13:44:00 +0000

If you are considered a bad driver or a high-risk driver, finding a car insurance rate you can afford comfortably is a challenge. Most insurance companies do not like to insure high-risk drivers for fear of paying out high payouts if you have an accident. If you find a car insurance company to insure you, you will pay a high price.

Many factors contribute to a car insurance company considering a driver a high-risk. Whether the insurance company goes back three years or one year, you need to remember drinking and driving violations stay on your record longer than a speeding ticket will. Accidents, speeding, running red lights, operating over the centerline and driving the wrong way on a road will contribute to your high car insurance rate.

Other factors that contribute to your bad driving record include failure to pay fines and court costs and the type of sentence or punishment you received. Your high-risk standing makes it difficult to find car insurance. It takes many years to clean up a bad driving record and even then, you need to consider other things when looking for a cheap car insurance rate.

If you receive auto insurance quotes that appear high, ask the insurance agent about this problem and determine if it was because of your credit history or your age and driving record. This is important information to know when you look for car insurance. The car insurance companies do like to work with you to give you the best quote on an insurance policy.

Men already have a strike against them as being high-risk, if you have a bad driving record, you are a man, with a poor credit history, and young, you will see a car insurance premium you may not be able to afford. There are some things you can do to improve your driving record, you might take a drivers safety course, which helps the insurance company lower your car insurance rate a little.

You might want to pay your fines and outstanding bills to improve your credit history. The other thing people do to improve there car insurance rate, they buy an older car, which should have some safety devices installed. The most important thing to start with is your driving habits, change them and start practicing good driving habits.

Once you start the clean up of your driving record and credit history, it make take up to three years before you see any kind of change in your car insurance rate. If you keep this up you eventually will see a decline, but as insurance rates rise, you may not see a decline, but a stand still of your car insurance rate.

By: David Faulkner

Classic Car Insurance In California

admin — Fri, 10 Dec 2010 17:40:19 +0000

Car insurance is a cover provided to automobiles on the payment of a premium, against any kind of loss. It means that in case of an accident, the insurance company will compensate any financial loss. A person is required to pay a fixed amount, which is known as premium, to the company on a regular basis. Classic car insurance is different from regular car insurance on the basis of, the type of coverage offered and the terms of claims. Classic car insurance in California has insurance laws and coverage options designed according to the state laws.

In California, classic car insurance can be applied for, only if the car is more than fifteen years old. The owner of the car must have held a driving license for more than ten years, and must also have at least one other car, for regular use. Further, it is mandatory for a classic car owner in California, to provide a garage to house the car, when not in use.

Regular car policies that are available are Actual Cash Value and Stated Value policies. Actual Cash value policies pay the insured the adjusted value of their cars in case of irreparable damage to the car. This adjusted cost is calculated by subtracting the depreciated value from the original value of the car. Stated Value policy is where the insurer pays ?up to? a certain amount in case of a claim for total loss. Both these policies are unsuitable for classic cars, as their value does not depreciate but rather, appreciates.

Therefore, the type of insurance policy preferred by the California classic car owners is the ‘Agreed Value’ policy. Under this type of policy, in case of total loss, the insurer is liable to pay a sum that, the insurer and the insured agreed upon while drawing a contract.

There are also many driving restrictions, while purchasing classic car insurance. There are limits on mileage, as well as speed. The owner of the car is also not allowed to use it for daily errands or commuting as a regular car might be used.

By: Josh Riverside

Car Insurance? Don’t Just Accept The Renewal Quote

admin — Thu, 29 Jul 2010 07:30:09 +0000

Many millions of insurance renewal, bills will be sent out over the next two weeks, you should consider if it’s a good idea to just accept the quote. On the other hand, maybe you should shop around to see if you could find a better deal.

Huge numbers of motorists will be in severe shock when they discover how much their premium will have risen since paying their insurance a year ago.

In the UK, new number plates are issued during the month of March; it is also the month with the highest number of car sales. So obviously, as a side effect is also the month, the highest amount of car insurance policies arranged.

So for many millions March will be the happy anniversary of the purchase of their brand spanking new car. Unfortunately, it will also be the anniversary of taking out their new insurance policy.

Renewal time is an excellent opportunity to look over your policy, and consider, could you get the same cover and pay less money?

A good place to start is by going through all the boring terms and conditions. You may find that in your rush to get into your new motor last year. You did not consider exactly what insurance conditions you needed for you and your vehicle.

You may find that their are some conditions that don’t apply to you what you no longer need, removing small pieces of cover can significantly reduce your insurance premium.

The floods last summer had a huge effect on the cost of renewing household insurance because of the massive number of claims. People do not realise that huge numbers of cars were also damaged or destroyed by the floods, which have contributed to an increase in car insurance costs.

The AA has released its latest index of quarterly insurance costs. The survey concludes that there’s been a large increase in the number of personal injury claimants on motor insurance companies. The knock-on effect of this has been a 2.5% increase in the cost of insurance cover. The index covers quotes from more than 80 large and small insurers, and found that the average comprehensive insurance premium is now nearly

Arizona Auto Insurance Law

admin — Tue, 13 Jul 2010 05:48:33 +0000

What does financial responsibility mean?

Like all other states, Arizona has financial responsibility laws which means that if you are involved in an accident you will be asked to present proof of your ability to cover the cost of damages caused up to a minimum amount. To comply with this law most drivers buy automobile liability insurance.

What type of automobile liability insurance am I required to have according Arizona Auto Insurance Law ?

Arizona Auto Insurance Law requires that you have Bodily Injury liability and Property Damage Liability

What are the minimum liability limits?

According to Arizona Auto Insurance Law, the minimum amount of liability coverage needed for personal injury is $15,000 person and $30,000 per accident.

The minimum amount of liability coverage needed for property damage is $10,000. This will usually appear on the policy in the form 15/30/10.

When will I be required to present proof of Insurance?

Within 30 days of registration. If you’ve had an accident you will be required to present proof of Insurance/financial responsibility at the time of the accident. Further, the State requires that you have proof of insurance at all times in your vehicle. In most cases a card issued by the insurer is sufficient.

Will my insurer required to verify the validity of my insurance policy?

Yes. According to Arizona Auto Insurance Law, if you’ve had an accident or you have been arrested, your insurance company will be required to verify that your policy is in good standing. Your insurance company must also inform the Arizona Department of Motor Vehicle if you cancel or fail to renew your policy. And according to Arizona computer data law, insurance companies are required to submit their entire list of policies in force, which the State may compare with registrations.

What are the penalties for non-compliance to the financial responsibility law?

A $250 fine.

What are the laws governing AZ liability insurance

Liability insurance in Arizona is based on the tort liability system. This means that if you were involved in an accident that is not your fault you and/or your passengers have the right to sue the party at fault for pain and suffering, and for other out-of-pocket expenses such as medical costs.

ARIZONA DUI/DRUNK DRIVING LAWS

What is the BAC (blood alcohol content) limit is the state of Arizona?

The BAC (blood alcohol content) limit for the state of Arizona is .08

Will I have my license revoked or suspended if my BAC is above 0.08?

According to Arizona Auto Insurance Law, yes. If you are pulled over by an officer and your BAC test result returns a reading above .08 you will face an on-the-spot driver’s license revocation or suspension. Further, if you refuse to take the BAC test your license will still be revoked or suspended.

What is the implied consent law?

Like most states, Arizona has the implied consent law. This law is base on the premise that because you choose to drive on the streets and highways of the state, you have given your consent to submit to the BAC and or urine test to ascertain alcohol or drug levels.

What is the penalty for violating the implied consent law?

The mandatory penalty for violation of the implied consent law in Arizona is suspension or revocation of one’s driving privilege.

Are preliminary breath tests permitted my law in Arizona?

According to Arizona Auto Insurance Law, yes. In states where it is permitted by law, sometimes an officer will do a preliminary breath test on-the-spot to confirm that you are actually under the influence. An alcosensor machine, a hand-held device, is often used. Although its results are not admissible in court, if the machine returns a positive reading, you may be taken to a police station the take the actual BAC test.

What is DUI Plea Bargain?

In a DUI plea bargain, the driver charged with DUI agrees to plea guilty to a lesser charge than one for which she could stand trial. When this happens, she receives a more lenient sentence, and/or have certain related charges dropped. The DUI plea bargain is prohibited in Arizona.

What is the open container law?

The open container law makes it illegal for the driver and passengers to have unsealed alcohol containers in an automobile passenger compartments.

ARIZONA SEAT-BELT LAWS

Are seat-belt laws enforced in the State of Arizona?

Yes. As of January 1, 1991, driver and all passengers are required to wear seat-belts in the State of Arizona.

Are seat-belt laws primary or secondary in Arizona?

Seat-belt laws in Arizona are NOT primary. Primary enforcement means that an officer may stop an automobile and issue a ticket for violation of the seat-belt law. Secondary enforcement means that the officer may issue a ticket for not using seat-belt if and only if the driver was stopped for some other violation.

What are the fines for noncompliance to seat-best laws in AZ?

$10

LAWS GOVERNING OLDER DRIVERS

Am I required to perform medical, knowledge, road, or vision retests when I renew my license?

Retesting for all drivers is usually required for vision, road retesting is only required under certain conditions. For example, if you’ve had too many accidents over a certain period of time.

Is my doctor required to report a physical condition that may affect my ability to drive safely?

NO

Is there an age limit on driver’s license renewals

Yes. 70 years.

LAWS GOVERNING TEENAGE AND YOUNGER DRIVERS

Do teenage drivers require graduated licensing?

YES. All states have graduated licensing (a rigorous learning period before full driving privileges are granted) laws for drivers 15 to 18 years old.

For what period of time are teenagers required to maintain a learners permit? For a minimum of six (6) months.

Are teens required to own an intermediate or provisional driver’s license before they a granted full driving privileges?

No.

Do young drivers have certain restrictions on night driving?

No.

Can teenage drivers carry the maximum number of passengers allowed in a vehicle?

Yes.

OK. What about BAC (blood alcohol content) level? Are there restrictions on that too?

I hate to be the bearer of bad news, but the answer is yes. Although the BAC level for other drivers is 0.08, Arizona drivers under the age of 21 years with a BAC level greater that 0 (yes zero) could be charged with DUI.

By: Richard Cunninghamm

How to Get Affordable Car Insurance in California

admin — Tue, 27 Apr 2010 19:58:33 +0000

If you live in California and you are planning a road trip south of the border, you should contact your car insurance company. Most insurance companies in California offer no coverage to their clients when they venture into Mexico. Knowing this before you leave on your trip is crucial if you want to keep your car protected in the event of theft or an accident.

You also need to know how to get affordable car insurance in California for your basic coverage. If you already have an insurance policy that is coming up for renewal this is the perfect time to see what other companies are offering in terms of rates.

When you call potential insurance companies in California or you contact them online there are a few things you must provide to them that will aid them in preparing a quote. One is your driving history. You may think that being less than truthful by failing to divulge that you’ve been in several accidents and have a healthy stack of speeding tickets, will get you a better quote. It may, but when it comes time for the agent to underwrite the policy they will discover you were not forthcoming. This will likely result in much higher rates or they will withdraw their offer to insure you.

The number of miles you drive, on average, is another tidbit of information that insurance companies use to help determine a suitable quote. If you are a member of an employment carpool or you use public transportation to get to and from work, you may qualify for a low mileage discount. This is a great way to reduce your car insurance costs and also save on fuel and maintenance expenses.

Before you agree to any policy ask about the policy length and if the company offers any renewal discounts. If the policy is only for a term of six months you may face a hike in premiums then. If you choose an annual policy that rate jump won’t affect you for an entire year, so it’s something worth considering.

By: Deborah Mills

Auto Insurance FAQs: Your Questions Answered

admin — Wed, 07 Apr 2010 01:51:50 +0000

When it comes to auto insurance, most consumers have questions about the kind of coverage they buy, what they’re required to have and if there are options for high-risk drivers.

Learning the answers to these and other questions can help you make better purchasing decisions when it comes to car insurance. And now, finding answers is easier than ever!

Frequently Asked Questions about Auto Insurance

Can I drive without car insurance?

No! Almost every state requires its motorists to carry liability insurance, which covers damages to people and property resulting from an accident for which you are at fault.

All states also have financial responsibility laws, which require you show the state that you have the funds to pay claims if you have a bad accident. If you don’t have proof of sufficient funds (which varies by state), you’ll need to purchase at least the minimum state-required coverage.

What are the minimum insurance requirements?

While minimum coverage amounts vary by state, all state-required insurance will cover your liability for bodily injury and property damage.

For example, if the minimum auto insurance requirement in your state is listed as 25/40/15, this means that you’ll have coverage up to $40,000 for all motorists injured in an accident, up to a $25,000 for one person in an accident and $15,000 for damaged property.

While this may seem like a healthy amount of coverage, purchasing the state minimum is really purchasing a bare bones insurance policy. The Insurance Information Institute (I.I.I.) recommends carrying at least $300,000 liability coverage per accident and $100,000 per person–and your insurer will encourage you do to the same.

What happens if I can’t find car insurance?

If you’ve applied for car insurance and been turned down because of your driving record or other factors, fret not–you still have options available to you. According to the I.I.I., you have two options: join a state assigned risk pool or buy a policy from a non-standard insurer.

An assigned risk pool consists of insurers in your area, who under state law, are required to participate in proportion to the amount of voluntary business they accept. As a result, insurers must accept motorists assigned to them and write policies accordingly. But because insurers have to take a substantial risk on insuring high-risk drivers, premiums are significantly more expensive.

Non-standard insurers may also be able to write you an auto insurance policy. These types of private insurers typically write policies for motorists with a poor history of accidents, people who live in “high-risk” neighborhoods and those who drive high performance cars.

While both of these options may have you forking over some extra cash, they might be your only source of auto insurance until your circumstances improve. Just remember to keep shopping around so you can switch insurers once you find a better premium price.

What are the differences between nonrenewal and cancellation of a policy?

You or your insurer can choose not to renew your auto insurance policy after it expires for a variety of reasons. You might decide not to renew your policy if you find a better deal somewhere else or weren’t happy with the service you were receiving.

An insurer may not renew your policy if you did something to substantially increase their risk to cover you–or if the company decides to write fewer policies in your area.

Cancellation, on the other hand, is more serious. According to the I.I.I., insurers cannot cancel a policy that’s been in force for more than 60 days unless:
You fail to pay your premium You defraud the company Your driver’s license is suspended or revoked
Cancellation of your policy may also make it harder to find insurance in the future, thus forcing you to buy a high-risk policy for a more expensive premium.

What if I’m not satisfied with my insurer?

As a consumer, you have rights when it comes to your auto insurance. If you’re not satisfied with your agent, let him or her know. If your complaint still goes unchecked, see if the insurer has a consumer complaint department and file a complaint.

If your issues remain unsolved, contact your state department of insurance. The department of insurance exists for consumer education and protection, and they can provide you with help and resources to take your complaint to the next level, or find a new insurer. You can contact your department of insurance by phone or find them online for more information.

A knowledgeable consumer is a powerful consumer!

Finding questions to your auto insurance answers is the first step to becoming an educated consumer–allowing you to make wise purchasing decisions about affordable car insurance. Find more answers to your auto insurance questions by contacting your state department of insurance!

By: Megan Mahan

Rules for Insurance Coverage

admin — Mon, 05 Apr 2010 20:13:56 +0000

Insurance is essentially a contract between the insurer and policy owner. Insurer agrees to pay an amount to the person insured or his nominee at any unfortunate event (according to the policy) or at the date or maturity or at death of the policy owner. Policy owner has to pay a fixed amount called premium in periodic intervals (monthly, quarterly, half yearly or yearly). Premium amount varies depends on many factors like age of the policy owner, scheme, type of the policy, sum assured etc.

The various types of insurances are:

Car Insurance

If you use an automobile for your business activities – for example, transporting supplies or products, visiting customers, or ferrying employees or customers – you need to make certain your automobile insurance will protect you from accidents that occur while on business. Car insurance takes care of all this.

Health & Disability Insurance

Health insurance is needed to cover the medical costs if you fall ill or hurt yourself and Disability insurance is needed if you are unable to work because of sickness or injury.
Insuring Workers

Once you hire an employee, it becomes your duty to compensate to cover what it costs if the employee is hurt on the job and needs medical treatment and income until he can return to work. Compensating injured workers insurance policy takes this load off your head.
Umbrella Policies

An umbrella policy offers you extra liability insurance that pays for a loss when the limits of your policy are reached. Suppose, if you’re responsible for someone’s injury that requires Rs.1, 50,000 of medical treatment and the liability limit in your underlying policy is Rs.1, 00,000, your umbrella policy will pay the additional Rs.50, 000.

Four key rules of insurance coverage:

1. Insure against the big catastrophes and disasters only. Differentiate what you can’t afford to pay for out of pocket and always remember that “the cheapest insurance is self-insurance”.

2. Carry the largest possible deductibles you can afford. The larger the deductible, the more you are self-insuring and the cheaper the premium will be.

3. Trust only the best-rated insurance companies. You need insurance companies you can depend on and no hidden costs and conditions.

4. Choose your agent carefully. He should not be a mere third party, rather he should be the first person you contact in case of an emergency knowing that he will take a prompt action on the insurance front while you take care of the damage.

5. Study your insurance plan very carefully and discuss every situation possible. Also study the feedback given by previous or existing customers of the company.

By: Tarang Bhargava

Auto Insurance St. Louis – Finding a Low Rate

admin — Fri, 02 Apr 2010 14:38:36 +0000

Before you start shopping for your auto insurance St. Louis, you should know what coverage the state of Missouri requires you to purchase. You will need to purchase liability coverage on your auto insurance St. Louis policy for a minimum of $25,000 per person, $50,000 per accident, and $10,000 for property damage. Don’t even contemplate purchasing your auto insurance St. Louis and then dropping it, because the Missouri Department of Revenue has begun tracking drivers to make sure they maintain liability coverage. Letting your auto insurance St. Louis lapse could cost you your driver’s license and vehicle registration.

However, liability coverage alone may not be the only auto insurance St. Louis coverage that you want for your vehicle. With the percent of uninsured drivers in Missouri counties ranging from over 11 percent to as low as half a percent, uninsured driver coverage can protect you from costly premium increases and accident repairs should you be involved in an incident with an uninsured driver.

Other coverage to consider for your auto insurance St. Louis coverage includes medical payment coverage, which will reimburse the insured and others for medical or funeral expenses. You may also want rental car reimbursement for your auto insurance St. Louis policy so that you are covered if you need to rent a vehicle while your damaged auto is being repaired. Plus, with so many things that could happen to your car besides a collision or theft, you may want to add comprehensive coverage to your auto insurance St. Louis to protect you in the case of fire, flood, or other disasters.

By: Joshua Miller

About Car Insurance Providers – What Do They Do?

admin — Sat, 20 Mar 2010 00:06:15 +0000

Car insurance costs fluctuate very often and this depends on the company that you approach for your insurance. Each company has its own set of insurance rates and only by a comparing them carefully will you be able to get the least expensive car insurance rate. Considering that all the other criteria are the same, it is the insurer who has the most reasonable rate for car insurance that you should approach.

Avoid going over to the first insurance company and filling the required documents immediately. The only way you can get the best deal is by looking around and gathering rates from different companies. This will enable you to strike the best rate and you will not regret your decision.

Insurance rates are found online as well as offline as according to the selling system of the insurance company. Some companies offer insurance via a web of their own specialized professionals while some others employ people who often work for more than one company. These negotiators help you to get the best insurance policy by comparing the rates of the various companies. It is advisable to look into a minimum of three insurance rates before you finalize your insurance policy. It is best if you take your time and look into a few more.

Car insurance purchase is gradually turning into a booming trade in the world of the Internet. The online transaction that is carried out directly with the company is slowly gaining popularity. The Internet has definitely brought a lot of changes to the auto insurance market. With things made so simple and easy, the insurance rates of various companies is just a click away. All you need to do is feed in your data and the required quotes will be located in few seconds. Some cheap car insurance providers can be found too. The companies indulging in online insurance transactions have lesser operating costs than the conventional insurance companies and hence can work with the client directly, thus cutting down the customer’s expense.

It is advisable that you look into certain issues before you venture out to buy an insurance policy for your car. Your company should be well ranked and consistent in terms of financial conditions. Websites like ambest.com and standardandpoors.com will assist you in finding out the financial status of the company that you have approached- this is extremely important as various new insurance companies have come up and not all are good. It is important for you to make the right choice. They might also help you note some cheap car insurance providers and thus you pay less. The other thing that you can possibly do is contact the state insurance commissioner’s office and find out the number of complaints lodged against the company you are approaching. The company’s manner in dealing with its customers will also be revealed in this way.

Gather facts from your near and dear ones about their brushes with the insurance companies. They are often the best critics and will give you sound advice. It is always advisable to refer to family and friends for suggestion regarding any commodity that you choose to purchase. Do pay heed to their suggestion when you make your final choice. Try your best to locate cheap car insurance providers!

By: Robert Mcleary

Car Insurance in New Jersey – Know the Basics

admin — Fri, 26 Feb 2010 08:09:47 +0000

Auto insurance is mandatory in New Jersey, but the type and cost of that coverage can vary considerably. Every day, consumers are finding that there are options available to make it easier to comply with the law. The New Jersey Automobile Insurance Cost Reduction Act mandated that a basic policy be available to all drivers.
It is essential to realize that you are breaking the law if you drive uninsured. The penalties for driving uninsured are getting more severe – in addition to risking economic loss by not having insurance protection, you risk fines, suspension of driver’s license or registration and even time in jail. In the future, your car could be impounded if you are caught behind the wheel without coverage.

The Basic Policy should be considered by those with few family responsibilities and few real assets. It can provide a transition for younger drivers who are just beginning work, providing a basic, minimum protection when they may be least able to afford more comprehensive coverage.

Let’s review the New Jersey auto insurance Basic Policy. The Basic Policy offers less protection, but at a lower cost than the Standard insurance policy.

Bodily Injury Liability

Coverage for claims and lawsuits by people injured as a result of an accident you cause. Coverage is not included but $10,000 coverage for all persons, per accident is available as an option.

Property Damage Liability

Coverage for claims and lawsuits by people whose property is damaged as a result of an accident you cause. Coverage of $5,000 per accident is provided.

Personal Injury Protection

Coverage for injuries sustained in an automobile accident by you or other persons covered under your policy. Coverage of $15,000 per person, per accident and up to $250,000 for permanent or significant injury is provided as defined in the policy.

Uninsured/Underinsured Motorist Coverage

This type of coverage would pay for property damage or bodily injury if you are in an accident caused by an uninsured motorist (a driver who does not have the minimum level of insurance required by law) or a driver who is insured, but who has less coverage than your underinsured motorist coverage. This is not included in the Basic Policy.

Collision

Coverage for damage to your vehicle as the result of a collision with another car or other object. This coverage is not included in the Basic Policy.

Comprehensive

Coverage for damage to your vehicle that is not a result of a collision, such as theft of your car, vandalism, flooding, fire or a broken windshield. Comprehensive coverage also pays if you collide with an animal. This also is not included in the Basic Policy.

Collision and comprehensive coverage are available as options on policies issued through PAIP (Personal Automobile Insurance Plan) or on voluntary policies issued by some insurance companies. This is very significant for anyone who has a vehicle loan or lease that requires such coverage.

Another affordable car insurance option in New Jersey is the Dollar a Day Auto Insurance Policy or theSpecial Automobile Insurance Policy (SAIP). This is a new initiative to help make limited auto insurance coverage available to drivers who are eligible for Federal Medicaid with hospitalization. Such drivers can obtain a medical coverage-only policy at a cost of $365 a year.

People who are currently enrolled in federal Medicaid with hospitalization are eligible for the Dollar a Day policy. You are eligible if the Card Run Identifier on the upper left of your Medicaid ID card has an asterisk “*” after the code and “SAIP” is printed on the lower right of the card.

The SAIP policy can be obtained at most insurance agencies. There are two payment options: $360 if you pay up front or $365 in two installments.

The policy covers -emergency treatment immediately following an accident and treatment of serious brain and spinal cord injuries up to $250,000. It also provides a $10,000 death benefit. It does not cover -outpatient treatments such as doctors’ visits covered by Medicaid, damage you may cause to other persons or property, or damages to your own car.

The policy only covers those enrolled in Medicaid. If there is one car and several people in the household enrolled in Medicaid, they can all be covered by the same policy. However, there can only be one car per policy.

To apply for this policy, bring the driver’s licenses for all operators of the vehicle to be insured and the vehicle’s registration and your Medicaid identification card that shows that all persons to be covered under the policy are enrolled in Medicaid.

Remember for both of these types of New Jersey car insurance policies, if you do not have any liability coverage; you are responsible for paying for the personal hardships and some economic damages, such as lost wages, that you cause. The insurer will not provide or pay for a lawyer to represent you if you are sued. Your assets will be at risk, including the risk of having money deducted from your wages if a judgment is entered against you. And, if you lack coverage and someone hits you, you cannot sue.

By: Marie Wakefield