About 100 years ago, the government started making auto insurance mandatory. But it took 50 years for a full suite of “financial responsibilities” laws to become implemented across the country (except, of course, in New Hampshire, where “Live Free or Die” is not just a figure of speech). Most people with enough money to afford a car did not have enough money to cover the cost of the damage they could now inflict.
Insurance is the most financially efficient way to realize the responsibility for damage a car driver can cause. For a small amount paid by many, loosely adjusted […]
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