South African drivers should be aware of the possible risks that await them on the roads if they don't have vehicle insurance. Driving without insurance puts you in legal jeopardy. We have unpacked the most important reasons why you shouldn't hit the road without car insurance and the possible risks.
1. In the event of a car accident, you are liable for your own costs.
If you don't have vehicle insurance, the cost of repairs is on your shoulders. You're looking at high expenses that will have to come directly from your own pocket. Keep in mind that if your car is financed and needs repairs, you must continue making your financing payments even if you are unable to use the vehicle, and even if your car is written off in an accident, you must continue making instalments until it is repaid.
2. A motorist without insurance crashes into you.
Consider the consequences if the individual who crashed into your vehicle was likewise uninsured. Because they have no insurance, you cannot submit a claim to their insurer for payment of the damages to your vehicle. You might spend money on legal representation to pursue compensation from the motorist, but doing so is likely to waste money and energy.
3. You are responsible for the other driver's costs if you cause an accident.
If you are uninsured and cause damage to another person's vehicle in a collision, you will be required to pay for the repairs or replacements. You may believe that if the other motorist is insured, their insurance will pay for everything. However, this is not true. Their insurer will identify you as the responsible party for the whole cost and sue you in your individual capacity to recover their damages.
4. Your vehicle has been stolen and you still owe on it.
Vehicle theft and hijacking are an ever-present threat, and it is very probable that you or a member of your family will be touched by these crimes at some time. If you do not have motor insurance, you are liable for replacing your vehicle, which might be financially straining.
We believe that the risks faced by each business and each individual is unique. We believe in providing each business, each of our clients with a comprehensive insurance solution that addresses their own unique and individual risks. A solution that will fit into your budget and not break the bank.
011 760 2124 │ admin@ngenious.co.za │ www.ngenious.online
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