Auto Accidents Can Lead to Financial Crisis
In an article in the Huffington Post on January 31, 2012, Alexander Eichler discussed a recent study that showed that nearly one-half of Americans are only one paycheck away from the edge of financial crisis (Working Poor: Almost Half of U.S. Households Live One Crisis From the Bread Line). An auto accident with an uninsured driver can be that crisis.
If you have a high deductible on property damage and are involved in an accident with an uninsured driver, you may face delays in getting your car repaired or replaced. And if you don’t have rental coverage, you may be without a vehicle while your car is being repaired.
It’s very important for any driver to understand what insurance you have, and that you know what protection it offers in the event of an accident. Talk to your insurance agent before the accident happens. If an accident has occurred, Hughes and Coleman can provide the help you need.
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