In case of any accident, a contract which protects your financial security is called auto insurance. Although it is not mandatory to purchase this insurance but it is usually a requirement in most states. In fact every state has minimum insurance laws and financial responsibility laws so that the owner of a car is required to show that he has sufficient funds to pay any necessary claims. The owner must buy this policy if he cannot produce proof of satisfactory assets. It is practical to have this insurance for the driver who wishes to avoid lawsuits or immense repair bills, regardless of the law. Continue reading…
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