What is Auto Insurance?
Auto Insurance Waupun: An auto insurance is a contract between you and the insurance company, aiming to protect you from the financial point of view, in case you are involved in an accident. Based on the contract you signed, you agree to pay a premium and the company agrees to indemnify you according to the conditions stipulated in the contract. The majority of auto insurances are concluded for six months or twelve months. If you find yourself in Plymouth, Fond Du Lac, Oshkosh, Waupun or Ripon, you have a car but you don’t have an auto insurance you better conclude one as soon as you can.
Owning a car or driving a car means that you assume some risks. These risks occur more frequently in traffic and involve one or more of the following situations:
• damage your vehicle
• damage to other vehicle
• destruction of goods as a result of an accident
• injuring some people that are in the driven vehicle
• injuring some people that are in other vehicle involved in the accident
• injuring yourself
Auto insurance has a well-defined purpose: the injured one must receive compensations for the damages he suffered, no matter the financial situation of the one who produced the accident. In this way, the insurance is important for both the one who suffered the damage and the one who caused it. It can happen that because of a few seconds of inattention, a driver could produce high value damages, so as not to be able to bear them, which might lead to litigations for a long period of time and with high costs, or could attract other types of sanctions on him. The compensations are also paid if the ones damaged are not living the country where the insurance was concluded. If the driver who caused the accident is not the owner of the car, the insurance company pays the compensation based on the auto insurance.