Most people love their cars, but don't really stop and consider what life would be like without them. Even one day without a car is a disaster for most people. But for the majority of human history, the common man pretty much had to walk everywhere. Even if your were lucky enough to get a seat on a train, you'd have to worry about people like Jesse James.
One thing that you need to have in order to drive is an insurance policy. Most people treat these as a nuisance. They just find the cheapest policy that satisfies the law, sign up and call it done. But the truth is that there is much going on in insurance that many people don't know about.
To start out with, many people are not really aware that there are insurance companies, and insurance brokers. The people you pay your money to every month, and the people who will pay you money in case there's an accident, are the insurance company. They do all the research, and take on all the risk should you happen to get into an accident.
If you don't deal directly with an insurance company, then you'll likely go through an insurance broker. These are people that hook you up with the best insurance company for you based on your driving record and other information. These guys make their living from commissions, or broker fees, which can be pretty high.
Something you should also know about is something called the uninsured motorist rider. This is something extra you should get on your insurance policy to make sure you are protected in case you are crashed into by somebody who doesn't have insurance. Otherwise you may have to pay for everything yourself.
Of course, this is just the beginning when it comes to understanding the complicated world of auto insurance. The more you understand it, the better protected you will be.
One thing that you need to have in order to drive is an insurance policy. Most people treat these as a nuisance. They just find the cheapest policy that satisfies the law, sign up and call it done. But the truth is that there is much going on in insurance that many people don't know about.
To start out with, many people are not really aware that there are insurance companies, and insurance brokers. The people you pay your money to every month, and the people who will pay you money in case there's an accident, are the insurance company. They do all the research, and take on all the risk should you happen to get into an accident.
If you don't deal directly with an insurance company, then you'll likely go through an insurance broker. These are people that hook you up with the best insurance company for you based on your driving record and other information. These guys make their living from commissions, or broker fees, which can be pretty high.
Something you should also know about is something called the uninsured motorist rider. This is something extra you should get on your insurance policy to make sure you are protected in case you are crashed into by somebody who doesn't have insurance. Otherwise you may have to pay for everything yourself.
Of course, this is just the beginning when it comes to understanding the complicated world of auto insurance. The more you understand it, the better protected you will be.
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