You know a worst case scenario such as, you hook up with a chick, and are making out in the back seat of your car. Cop sees you and demands to see IDs and does a search of the car. Weed is found in your car, and you are taken in for posession. Well you get out on bail, and your school suspends you for posession suspicion. 2 weeks later you have a bad itching in your groin area, and all signs point to herpes. You decide to get tested, and on the way to the hospital you get into a car wreck, and loose both your legs.
Or, you go to honeymoon to some exotic country, and are framed for drug posession and put in jail for 30 years.
These are just extreme examples.
Some sort of a worst case scenario almost came true for my family. My sister took the family car to school one day and got into an accident. She wasn't hurt at all, but the car had severe engine damage, making it useless. My brother suddenly realizes that he forgot to make an insurance payment, and we might not be covered. He calls, and finds out that for some reason they had automatically deducted it from his credit card. The rep had mistakingly setup auto payments.
Well things seem right, but we only had basic coverage, so we were out of $6-7K. My dad then got a rental, to drive to work in the mean time. Well someone hit his rental. We didn't have rental insurance, and everyone told us not to notify our insurance company. On top of that, the guy gave us false information, and in a daze of confusion and being late for work, my dad decided not to wait for the cops. So we were screwed some more. But it was only bumper damage, and slight damage to the door. One of our relatives refered us to his mechanic friend, who fixed it in one day. Charged us $800 for that though!
Lesson learned, cheaping out on insurance comes back to bite you when you most need it.
Or, you go to honeymoon to some exotic country, and are framed for drug posession and put in jail for 30 years.
These are just extreme examples.
Some sort of a worst case scenario almost came true for my family. My sister took the family car to school one day and got into an accident. She wasn't hurt at all, but the car had severe engine damage, making it useless. My brother suddenly realizes that he forgot to make an insurance payment, and we might not be covered. He calls, and finds out that for some reason they had automatically deducted it from his credit card. The rep had mistakingly setup auto payments.
Well things seem right, but we only had basic coverage, so we were out of $6-7K. My dad then got a rental, to drive to work in the mean time. Well someone hit his rental. We didn't have rental insurance, and everyone told us not to notify our insurance company. On top of that, the guy gave us false information, and in a daze of confusion and being late for work, my dad decided not to wait for the cops. So we were screwed some more. But it was only bumper damage, and slight damage to the door. One of our relatives refered us to his mechanic friend, who fixed it in one day. Charged us $800 for that though!
Lesson learned, cheaping out on insurance comes back to bite you when you most need it.
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