Why is insurance mandatory for automobiles? The primary reason is not only to cover the insured vehicle; it allows the owner to be financially prepared to compensate another for their legal liabilities for bodily injury, any loss such as death, or property damage.

Comprehensive car insurance protects vehicles against all-natural and human-made disasters such as theft, terrorist attack, storm, earthquakes, riots, hurricanes, etc., as well as against damage and interests of third parties. Car insurance is a simple means of risk transfer.

For an annual premium, you can transfer your legal liability to a company with large sums of money available and protect your finances. Here is when you should contact a car insurance lake Charles la for an affordable means of transfer for most people’s legal liabilities. It covers the fees and losses of an accident and saves you the payment of a massive amount of baggage. Continue reading →