Your Guide to How Car Insurance Works If You’ve Been in an Accident
One thing not many drivers know, unless they have been involved in an accident themselves, is that the first thing you’ll be asked to provide after a car crash is proof of financial responsibility. Patrick explains that this is simply proof that you are able to pay for the damage that has just been caused. This proof can often be provided in two ways: liquid funds in a bank account or 10/20 bodily injury coverage in auto insurance (though Patrick recommends going for a higher coverage). Patrick goes on to discuss how much insurance coverage drivers should have, according to his recommendation, in order to have as much peace of mind as possible about the financial fallout that comes from a car accident. To listen to Patrick’s in-detail exploration of car insurance coverage and professional recommendations, be sure to listen to the full episode.
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