Risks of Not Carrying Adequate Auto Insurance
Almost every state has legal requirements regarding auto insurance coverage. These laws state a minimum amount of insurance that must be carried. The idea is to provide protection to all drivers so that when an accident or other damage occurs the burden is not as big.
It sounds like a great idea, but there is a down side to these minimum coverage laws. The minimum requirements are not often enough to offer adequate coverage should you get into a serious accident.
What happens when you do not have enough insurance coverage? You end up in some big trouble. You can be sued, get your wages garnished and face a long battle. It is not worth it to skimp on auto insurance because if something happens you will probably end up paying more than you ever would on a little extra coverage.
admin on November 10th 2008 in Advices