Why you must
buy Prestige Motor Insurance…
Many of us need automobiles to get from place
to place, so we all know how useful they can be while also recognizing the fact
that driving an automobile is dangerous. You might be careful in obeying
traffic laws, but you never know when someone else will not and be the cause of
an accident that involves you. Then again, mistakes do happen and you never
know when something may occur that you will be at fault. These are reasons why
it is important to have auto insurance.
However, vehicle insurance (also known as car insurance, motor insurance or auto insurance) is insurance for
car, trucks, motorcycles and other road vehicles. Its primary use is to provide
financial protection against physical damage or bodily injury resulting from
traffic collisions and against liability that could also arise there
from. Auto insurance covers much more than just collisions. There
are times when certain acts of nature may occur such as a hail storm or a
falling tree that may cause damage to an automobile and it would cost too much
money out of pocket to fix these things. The insurance will sometimes charge a
small deductible depending on the type of accident that has occurred, but the
cost is minimal compared to what it would cost to fix an automobile on your
own.
Just imagine what a world without auto
insurance would be like. First of all, people who are at fault in accidents
would be paying money to the accident victims out of their wages and other
income for years to come. Those who have been injured in an accident at no
fault of their own are entitled to have their medical bills, vehicle repairs,
and other expenses paid by the insurance of the person who was at fault. If the
person at fault does not have insurance, then they do have to pay those
expenses out of their pocket. Many people have been known to lose major assets
because they did not pay the minimal cost of having auto insurance to prevent
such losses.
Then there are those natural disasters that we
have absolutely no control over. There have been many overturned trees from
high winds that have decided to fall the direction of someone's brand new car.
There have also been the occasional hail storms throwing objects at many
automobiles. This can cause thousands of Naira in damage that goes beyond the
scope of what most individuals can afford straight out of their pocket.
Further you can learn
the essential coverage options which must be included in any car insurance
plan. These essential coverage options are as follows:
• Damages which occur due to man-made events
such as burglary and riots and theft or other such activity
• Damages which occur from natural calamities
such as landslides and fire and lightning
• Third-party liability cover- This is an
important cover which covers all third-party liabilities and expenses which otherwise can cost you a
bomb.
• Ensure that your car insurance provides
adequate cover treatment in hospitals or hospitalization costs, surgery costs
and doctor’s expenses.
• In case of damages to third-party property or
demise of third-party, the compensation costs can be really high. Similar is
the case with third-party injuries like the broken limbs or burns. However,
when you have third-party liability insurance, you will be saved from all these
costs. Only ensure that you renew your policy always on time to enjoy
continuous benefits.
So why is Auto
insurance important?
It is already quite obvious to see why having
auto insurance is very important. If not, then look at it this way:
• You are protecting your automobile, one of the
largest investments you make in your life.
• You are able to pay for medical bills if an
accident occurs.
• You don't have to feel the biggest part of an
accident-related lawsuit.
• Protects assets that you've worked hard for
from being lost due to a lawsuit.
• Protects you from those motorists that may not
have insurance of their own.
• Not only pays for accidents and
weather-related incidents, but also pays for vandalism and theft.
• You know you are protected every single time
you hit the road.
However, this brings about another point. It is
very important that you review your insurance policy and make sure you
understand all of it since every policy is different. Prestige Assurance Plc
offers convenient automobile insurance option plans depending on a person's
financial capacity or need. Moreover, considering the various available
options, automobile owners may choose a certain type of coverage over another
for a variety of reasons. This can be because they want to cut premium costs perhaps
they simply cannot afford higher coverage or another reason could be premise on
insurance coverage needs. These things should be considered carefully because
you never know when one accident may be the event that causes you to lose many
of your assets in order to satisfy the cost of a lawsuit settlement.
DOUBT IF YOUR MOTOR INSURANCE IS GENUINE?
Confirm the authenticity of your motor policy via the
following:
Send SMS: Policy number *plate number to 33125 (e.g.
OIN/0098/201401*AB567CD to 33125)
PRESTIGE……compassionate and caring.
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