Car insurance Miami is mandatory for several reasons. Car owners must pay for car insurance as a way of contributing to the social expense of treating accident victims. Car accidents can be fatal. Victims of car accidents have to spend a lot of money for medication and in some cases, they can die. When people are involved in accidents, they are temporarily unable to support their families.
When you look at the high number of car accidents in Miami, you will notice that this leads to a lot of loss for the society. When so many people are out of their jobs, the economy can suffer.
Car insurance Miami became mandatory so that people would not have to become broke when they are paying for problems that arise from car accidents. The idea of mandatory car insurance allows the society to create funds that will always be available for any victim of a car accident.
Another reason for compulsory car insurance Miami is that, most drivers have no desire of paying for the hospital costs of the people they injure in accidents. If those drivers were given a choice, then they would choose to go and repair their cars, and forget about the victim. The insurance company comes in the middle and pays for the victim's expenses so that the driver can go free. When this happens, everyone goes his or her way feeling satisfied. If the victim dies, then the insurance company will still compensate his or her family for their loss.
The damage that a person can cause with a car is great. When accidents happen, they do not only affect one person. Car accidents affect everyone in the society. People who are involved in accidents play a role in building the society through their careers. Losing even one person is a huge loss to the state. It is also quite difficult to determine who caused an accident. Sometimes it can be the victim's fault. The most neutral way of dealing with the burden of proof is by having every car owner pay for car insurance Miami so that all victims will be compensated according to their verifiable claims.
Other forms of insurance are difficult to enforce because they only benefit the person who takes up the cover. When it comes to car insurance Miami, the state has the ability to pass laws that will compel every car owners to acquire the auto insurance cover. The state of Miami realized that having everyone contribute to the cost of dealing with car accident damages would be a good and efficient way. With this arrangement, the State only acts as a regulatory body and insurance companies take the burden of sorting out the damage that accidents cause. The insurers also find their work easy because they receive monthly or annual payments from every car owner. They use the money to create a common fund that is enough to cover any arising cost. The decision to make car insurance Miami was made in the best interest of everyone.