Why is auto insurance required?
- Why is auto insurance required?
- June 19, 2009 | Categories:
- Why is auto insurance required?
Of all of the personal lines of insurance, only auto insurance is mandatory. (To be more specific, it’s required if you drive a car on public roads. Those who ride the train or drive only on private roads aren’t obligated to get coverage.)
So why does the government require insurance?
In answering this question, it helps to understand the economic concept of externalities...
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jcdenton's Stats | Page Views: | 1 | | Member Since: | Jun 18, 2009 | | Last Here: | Jun 19, 2009 | | Number of Friends: | 0 | | Comments Received: | 0 | | Posts in Forums: | 0 |
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