Uncategorized admin on 30 Jun 2013
Going without insurance, whether it be health insurance, auto insurance or life insurance, North Carolina auto insurance, is dangerous. Here are the top 5 dangers of being uninsured. 1. Loss of an asset If you fail to keep insurance on your home or car, you could be faced with the loss of use of the asset if it’s damaged. A fire-damaged home or a weather-damaged car could be unusable if you have no insurance and can’t afford to pay to have it fixed. 2. Financial liability Having no insurance can leave you on the hook for costs if you cause an accident or if your dog bites someone. Lack of insurance could mean you have to pay someone’s medical costs out of pocket. 3. Legal liability If you cause an accident or your dog bites someone, you could be sued for liability beyond just medical bills. Without insurance, you could have money or assets seized to pay a judgment. 4. Bankruptcy An unexpected accident or health condition could rack up huge medical bills, which, if you have no health insurance, could cause you to go bankrupt 5. Lack of medical care If you have no health insurance, you could be refused expensive medical treatments you might need, which could jeopardize your health and your life.