Got questions about Auto Insurance?
July 29, 2008 by admin
Vehicle insurance (also known as auto insurance, car insurance, or motor insurance) is insurance purchased for cars, trucks, and other vehicles. Its primary use is to provide protection against losses incurred as a result of traffic accidents and against liability that could be incurred in an accident.
In many jurisdictions it is compulsory to have vehicle insurance before using or keeping a motor vehicle on public roads. Most jurisdictions relate insurance to both the car and the driver; however the degree of each varies greatly.
A 1994 study showed, consistent with the risk homeostasis theory, that increased accident costs caused large and significant reductions in accident frequencies.
Lance Stanley
President
3016 Stanford Rd.
Panama City, FL 32405
Phone: 850-763-2626
Fax: 850-763-7330
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