Why Risk Financial Ruin?

5 solid reasons every motorist needs insurance

Owning a motor vehicle comes with significant responsibilities, and at the top of the list is insurance coverage, designed to provide financial protection, peace of mind, and security on the road.

Despite the benefits, many vehicle owners take the risk and ditch insurance, exposing themselves to financial and legal consequences.  Insuring your motor vehicle is indeed a safety net when things take an unexpected turn.

Here are five solid reasons every motorist needs insurance:

1. It’s Mandatory – Under the new Road Traffic Act  (2018), having no insurance will cost you $20,000. That money could have been better spent on a policy. It’s also likely that $20,000 would be way more than you would have paid in a month if you had used insurance premium financing to purchase your insurance.
2. Financial Protection Against Accidents – Even the most careful drivers can experience accidents leaving repair bills that can be enormous, medical bills for injuries and property damage to third parties.  Without insurance, you would have to bear the entire financial burden of vehicle repairs, medical bills for injuries to third parties, or replacement for your car and for the other party involved. Why risk financial ruin when insurance can take the hit for you?
3. Personal Accident and Medical Expenses Coverage – Comprehensive motor insurance policies offer coverage for personal injuries sustained in the event of a crash. These policies help cover medical expenses, which can quickly escalate from emergency room visits and surgeries to rehabilitation and therapy. With insurance stepping in, you can focus on recovery instead of worrying about mounting bills.
4. Coverage for Theft and Vandalism – Comprehensive insurance covers losses from theft, vandalism, and other non-collision incidents, such as fire or natural disasters. With this protection in place, you can enjoy true peace of mind, knowing your vehicle is safeguarded from unforeseen events beyond just accidents.
5. Additional Benefits and Services – Many insurers, such as JN General Insurance, offer value-added services to include roadside assistance and towing. These perks enhance the benefits of motor insurance.

Getting insurance is as easy as a click. Purchase online at https://www.jngijamaica.com/motor-insurance/ and get a policy in less than 15 minutes.

Renew your JNGI motor policy in branch, in full before your renewal date and enjoy up to 20% discount on your premium subject to the minimum payment! This offer ends on December 31, 2024.

The risks of driving without insurance far outweigh the costs of being insured. Protect yourself from financial burdens, legal issues, and uncertainties by ensuring your vehicle is insured.