Auto Insurance and Why You Need It

In the simplest explanation – auto insurance is all about being smart and planning.  This type of planning can keep you protected from surprises that can be expensive and sometimes even devastating.

When you think of auto insurance, think of it as being a factor in your overall financial plan.  It is a powerful tool that can be used to help:

  • Protect the investment that is your car
  • Pay for any sort of medical bills after a car accident
  • Protect you from the damages that can result from accident related lawsuits
  • Protect your assets that you have worked so hard to amass – this can include things like stocks and bonds, retirement funds, and even your home
  • Protect you from underinsured or even uninsured motorists
  • Take care of repairs that are made necessary by natural disasters, vandalism or theft
  • Give you peace of mind whenever you are on the road

With all of that, it is critical for you to know and keep in mind that not all insurance carriers – or policies – are alike.  You need to understand the unique details of your situation – this includes knowing what it is exactly that you need to protect and how each type of coverage will help you protect it – or not.

Aside from all of that, you need auto insurance because it is required by law, even though the specifics do vary from state to state.

If you are in the Laurel, MD area and need a new policy or just need to understand the one that you have, call or come into Mid Atlantic Insurance Financial and have one of our friendly and knowledgeable agents go over it with you.  They can let you know what you are covered for and if you need more coverage, they can help you with that as well.