What happens if I stop Paying my Car Insurance?

During the 15th century, Leonardo Da Vinci was the first person who generates a car’s design. This development came from his artwork, “The Renaissance.” The car in his work is a box shape and bears similarity with a wagon with three wheels, measuring 5 feet by 5 feet, 6 inches.

 

Leonardo’s proposition inspires numerous automotive engineers like Carl Friedrich Benz, who developed the first launch of Benz Patent-Motorwagen back in 1886. It was a three-wheeled automobile with a rear-mounted engine. Various automotive engineers then followed this head-start to create other car types: From the solar vehicle, alternative fuel vehicle, electric-based, and oil-based.

 

The innovations within the expansion of autos began to be useful in the 20th epoch. During this century, fashioned novelties came into view and became a beneficial artifact for humans. Different kinds of establishments emerge in the city, developed roads, revolutionized the Internet and technologies, and many more that embellishes the progression within people’s economy and lifestyle.

 

Cars are prevalent up until today. There is a significant deal number of individuals who dream of owning a vehicle. The reason behind this fact is that owning an automobile has various benefits.

 

These are the expected benefits that you can get for retaining a vehicle:

• One, possessing an auto can help a person with traveling. The motorist can find other routes that are away from traffic.
• Two, the driver can go for long drives to unwind for a bit, whether planned or unplanned – as long as it is away from the hometown.
• Three; times are more practical. You don’t have to be in a hurry to catch the bus or precede with other passengers for the taxicab.

 

Nevertheless, being a car owner takes a lot of time, effort, and money. The justification behind this fact is that cars are susceptible, considering it is human-made. It needs proper and regular treatment to avoid overheating and malfunctions in the engine. Once check-ups and preservation are not met, multiple incidences may happen.

 

That’s why a car owner needs to apply and keep paying for the car insurance because it also has reimbursements that they can gain.

 

Suppose you wonder what will happen if they stop paying for financially ensuring their car; read the awaiting consequences on the infographic brought to you by iChoose.PH, a known car insurance Alabang company in providing health insurance PH and car insurance PH: