About the Benefits of Car Insurance

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Car insurance has a wide variety of different benefits that absolutely should not be ignored. Learn about the benefits of car insurance with help from an independent insurance agent and small business owner in this free video clip.

Part of the Video Series: Auto Insurance
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Video Transcript

This is Melissa Morley with All Seasons Insurance. Today, we're talking about the benefits of car insurance. For most people, when you think about car insurance you think about your own car. Well, if I crash that I'd certainly like to get it put back the way it was before I crashed it. But insurance is actually a little bit bigger than that. On a real basic note, car insurance keeps you from getting a ticket because laws require you to carry minimal insurance so that if you hurt somebody they're going to be covered for a certain portion of medical. So on that level that is called liability. And then if you borrow money from a bank they're going to require you to have comp and collision on your vehicle because they want to make sure that their interest in your vehicle is covered. But ultimately insurance is about covering your assets. And you need to know how much you're worth. It's a really good thing for you to know that. If you're having problems figuring that out find a good financial services representative and then can go through that. But if you were unfortunate enough to be involved in a serious accident, personally, you'd like to know that whoever you hit and hurt are going to have proper medical care. But as well, you're going to want to make sure that if the amount exceeds your insurance, and sometimes claims do, that you wont personally lose your home or your retirement or your inheritance. So the benefits of insurance are really threefold; keeps you from getting a ticket, it puts your car back where it was before you crashed it, and if in the unfortunate situation happens that you've had a very bad accident and it's your fault, you wont lose your home or your retirement or your inheritance or any other assets that you have. This is Melissa Morley with All Seasons Insurance, and today we have talked about the benefits of car insurance.

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