This is Patrick Munro, financial adviser talking
about general auto insurance, what is it? Americans love their cars and of course their
vehicles as well. It is a government mandate that all vehicles that are on public highways
have a form of insurance on the vehicle. And this is not an option but rather a requirement.
So it’s important that individuals that have motor vehicles make sure they have the appropriate
level of coverage for their state, and there is a premium that you have to pay to the insurance
company. Be it a prior insurance company if you’re in a state such as that, or some states
have state run insurance as well too. So in order to have the best premium and keep your
cost low, you have to have the best driving record out there as well. So it’s important
to be safe with your vehicle so that your insurance premiums are as low as you possibly
can get. There are various levels of protection that you can get, depending on the type of
vehicle you have. If you have an older vehicle sometimes it’s not necessary to have a high
level of protection to protect the actual car. If you have a luxury vehicle you want
to make sure you have all levels of protection. And always remember to work with a proper
property and casualty insurance agent that is well knowledgeable in the area of automobile
insurance. This is Patrick Munro talking about the importance of automobile insurance.