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If you cause a car accident, you
may be financially responsible for the losses of the other
people involved. A claim or lawsuit
may be made against you for the financial cost of the losses.
These may include property damage, medical expenses, lost wages,
and pain and suffering of any injured person. This amount may
be substantial. If you don't have auto insurance policy, your home,
savings, future wages, and other assets, may be taken to pay
for the claim against you. Auto liability insurance works to
protect you buy paying for the damages and paying for attorney
to defend you against auto accident claims or lawsuits.
Auto insurance policy also covers damages to your car. This coverage
will help pay for your losses whether or not you were at fault.
When you buy auto insurance policy, you are have financial protection
when you are involved in an accident. You have the peace of
mind that in an accident in which you are at fault, you have
the ability to pay for their losses and will not become financially
ruined. |