Smartphones are one of the biggest developments of recent years. Inside a generation they’ve gone from near unattainable symbols of privilege to nigh omnipresent necessities for business and your social life. There’s always room to use them more efficiently though, so here are a few tips to help you get the most out of your phone, whether you’re working through your commute, or getting friends together in the pub.
The unthinkable has happened, you t-boned another car at a major intersection. Both vehicles are totaled, and the other driver is hurt. If you could just turn back time, even 30 seconds, you would have put your phone down. That text message could have waited. You feel sick at the sight of the sight of the cars entangled, and even worse when you realize the other car was also carrying a child. You quickly check yourself for blood and injuries, when you hear the roar of an ambulance and fire truck pull up the scene of the accident. You breathe a sign of relief someone must have called 911. You climb out of your cars window because it’s too damaged to open the door, and are greeted by paramedics and firemen.
[Fast-forward about 30 minutes]
It was time to meet with police officers and officials to collect your information and to go over the accident. Again, for what feels like the hundredth time that day, you feel sick to your stomach. You remember you didn’t pay your auto insurance bill, and the company cancelled the policy.
It is moments like this that you realize why auto insurance is so important. It protects you from liability claims, it protects you from injury or death, and it protects your from other drivers without car insurance coverage. In the above scenario, since the driver at fault does not have insurance, that person is out of a car. If the driver were insured, insurance would have replaced that car. Because the person at fault was texting and driving, and the other driver got hurt the person at fault could get sued for negligence, for breaking a law, and be held responsible for the other drivers medical bills and car replacement. Since that driver does not have insurance, he or she could be out of a lot of money!
What if you get into an accident, and the other driver is at fault and does not have insurance (but you do)? Luckily that is where you insurance comes in handy. Your insurance will protect you from medical bills and will also cover the replacement of your car or car repairs.
Insurance is vital and it protects you. Of course nobody likes to see a monthly insurance payment come out of their checking account. It is even more irritating to see your bank account diminish from insurance payments when you’ve never needed it. It the times of need: an accident, a cracked windshield, a tree falls on your car, you’ll be very glad you maintained your insurance. The monthly amount will be miniscule in comparison to the amount needed to repair a vehicle from a collision or damage.
Insurance gives you the assurance that you are covered and protected. It protects you and your assets from being sued. It may not always seem necessary because it is not used everyday, but it is. Protect yourself from loss and negligence of others. A car is your second biggest purchase in life. You want to be sure it is covered!
We’ve all heard of careless driving, AKA driving without due care and attention. We also tend to lump this offense in with the others, like drink driving and speeding, but careless driving is a little bit more vague than other driving offenses.
A careless driving allegation can only stand if the prosecution can prove that your driving was indeed below the minimum standard expected from a careful and competent driver and that you weren’t showing consideration for other vehicles and pedestrians.
I hope you’ll watch instead of read, but here’s the transcript from my first Sustainable Family Finance vlog:
Studies have shown that most Americans have less than $1,000 saved and a very small percentage have more than $10,000. This creates a situation where a financial emergency can become a disaster. It is important to have an emergency fund for situations where you may lose your job, need to buy a new car or do major repairs on your home. An emergency fund of $10,000 is a good place to start in creating your financial security. But how do you save that amount of money?