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ARTICLE · 18 OCTOBER 2018

How Much Car Insurance Do I Really Need? – Third Party Liability

Every mistake has a cost.

CanadaInsurance

Every mistake has a cost. Small errors may cost you the time it takes to correct them. Perhaps they'll cause you some embarrassment. It may cost you a bit of money if you need to pay to fix or replace an item you inadvertently damaged.

As the scope of a mistake gets bigger, so do the costs and consequences. For example, if you are involved in a serious car accident and are found to be partially or totally at fault, it can cost a lot of money to pay for the injuries and damages caused by your mistake. That is why we all must have car insurance if we own a car. Mistakes happen. But we need to take reasonable steps to make sure that those mistakes don't financially cripple our families.

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