The Basics

Jan 4, 2005
Contributor: Ray Smith

When you purchase a vehicle, there are several financial risks that can occur that would cost you money. These include, but are not limited to, injuries, vehicle damage, theft, and vandalism. Auto insurance will help protect you and your family from these risks.

Auto insurance is a contract between you and an insurance company in which in exchange for a premium, which you pay monthly, the insurance company has an obligation to pay for any specified car-related financial costs that you have incurred during the contractual period.



For more information relating to "The Basics", please visit our insurance The Basics page.