What Happens if You're in an Accident and Don't have Auto Insurance Coverage?
Much has been said about the many benefits of auto insurance coverage but what happens if you are in an accident and don't have any auto insurance policy in place?
If you are in an accident and don't have auto insurance coverage the first thing you will need to do is arrange to have the lawsuit defended. Typically this means hiring an attorney to defend you. Your attorney will need to have experience in automobile liability cases in order to successfully represent you.
You will be liable for several fees including the attorney's fee and costs relative to the court case. This is true whether you are found to be responsible for causing the accident or not. So the initial legal costs incurred probably far outweigh the premiums for auto insurance coverage and this is just the beginning. And this isn't even taking into account your considerable inconvenience.
If you do not have any auto insurance coverage and are found to have been responsible for the damages to the vehicle or person who has brought the lawsuit against you, you will then be issued with a 'judgment'. A judgment is issued against you by the court and means that you will have to pay a certain amount of money.
The amount you have to pay is dependant on the degree of damages to the vehicle or person as were proved during the lawsuit. If the accident was severe or many people were hurt or even killed this amount could amount to hundreds of thousands of dollars or even more. Getting quality auto insurance coverage could save you a fortune and prevent financial ruin for you and your family.
If you don't have any auto insurance coverage you will have to come up with all the money you owe, yourself. If you don't pay the damages or can't afford to pay them then the individual who is suing you becomes a 'creditor' and you may be taken to court again in an effort to ensure you pay for the damages.
So, you can see that buying quality auto insurance coverage can save you a great deal of time, money, and heartache. If you are involved in an accident, especially if it was you fault (but even if it wasn't), you will have to find the money for expensive legal bills and to pay damages. Don't you think it's time to get your personal and business vehicles covered by an auto insurance policy that makes sure you are protected?
