in-sur-ance: noun
1. the act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a payment proportionate to the risk involved.
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Life Insurance
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Auto Insurance
There are really 3 main reasons you need auto insurance:
- It’s the law in most states. Hefty fines, loss of your license and even jail time can result if you’re caught without auto insurance.
- You’ll set yourself on a clear path to bankruptcy without coverage if your unintentional actions behind the wheel cause injury or death to another human being. Causing property damage with your vehicle could also land you in the poor house if you don’t carry auto insurance.
- You need to protect your hardware investment and the loan you acquired to make that investment. In other words… you’ll still be responsible for getting from point A to point B when you don’t have your car. And likewise—the bank will expect that you’ll continue to make the payments as well.
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