| The first auto insurance policy was issued in the | | | | This |
| USA. In 1898 the Travelers Insurance Company | | | | The first auto insurance policy was issued in the |
| has insured a auto for the first time. Now it is | | | | USA. In 1898 the Travelers Insurance Company |
| impossible to imagine the auto without an | | | | has insured a auto for the first time. Now it is |
| insurance policy on the roads of any civilized | | | | impossible to imagine the auto without an |
| country. | | | | insurance policy on the roads of any civilized |
| Mr. Truman Martin became the first owner of the | | | | country. |
| insured auto. He paid $12.25 for the auto | | | | Mr. Truman Martin became the first owner of the |
| insurance. And in the case of an accident he could | | | | insured auto. He paid $12.25 for the auto |
| get only $500. The price of the auto insurance | | | | insurance. And in the case of an accident he could |
| policy was rather high. However, Mr. Truman's | | | | get only $500. The price of the auto insurance |
| wish to get the auto insurance policy was | | | | policy was rather high. However, Mr. Truman's |
| reasonable. The thing is that it was only 4000 | | | | wish to get the auto insurance policy was |
| people, who were able to buy a auto. Horses | | | | reasonable. The thing is that it was only 4000 |
| were the main kind of transport. They made a | | | | people, who were able to buy a auto. Horses |
| great danger for drivers, but auto insurance | | | | were the main kind of transport. They made a |
| wasn't widespread. | | | | great danger for drivers, but auto insurance |
| Situation concerning USA auto insurance changed | | | | wasn't widespread. |
| at the 1920s, because Ford's Conveyor opened. A | | | | Situation concerning USA auto insurance changed |
| number of the autos on the roads increased | | | | at the 1920s, because Ford's Conveyor opened. A |
| sharply and it was necessary to insure drivers | | | | number of the autos on the roads increased |
| against the emergency conditions. From this | | | | sharply and it was necessary to insure drivers |
| moment USA auto insurance became obligatory | | | | against the emergency conditions. From this |
| (not only voluntary insurance as some years ago). | | | | moment USA auto insurance became obligatory |
| Strong requirement to insure autos was officially | | | | (not only voluntary insurance as some years ago). |
| introduced in the Massachusetts State in 1925. A | | | | Strong requirement to insure autos was officially |
| short time later other states followed this | | | | introduced in the Massachusetts State in 1925. A |
| example. Idea of the auto insurance aroused keen | | | | short time later other states followed this |
| interest among the population. The auto was | | | | example. Idea of the auto insurance aroused keen |
| rather luxury, than usual transport, and nobody | | | | interest among the population. The auto was |
| wanted to sustain damage. | | | | rather luxury, than usual transport, and nobody |
| After the example of the USA auto insurance | | | | wanted to sustain damage. |
| was introduced in European countries. Thus in the | | | | After the example of the USA auto insurance |
| fifties auto insurance became obligatory in Europe | | | | was introduced in European countries. Thus in the |
| too. | | | | fifties auto insurance became obligatory in Europe |
| Today most people have already known about | | | | too. |
| different kinds of that insurance, USA auto | | | | Today most people have already known about |
| insurance companies and can choose proper | | | | different kinds of that insurance, USA auto |
| insurance scheme. There are several hundreds of | | | | insurance companies and can choose proper |
| the auto insurance companies at the auto | | | | insurance scheme. There are several hundreds of |
| insurance market. Every company offers different | | | | the auto insurance companies at the auto |
| scheme. And you should choose suitable insurance | | | | insurance market. Every company offers different |
| company and conditions. A number of the | | | | scheme. And you should choose suitable insurance |
| questions usually appear exactly at this stage. Of | | | | company and conditions. A number of the |
| course most of us are not professional at the | | | | questions usually appear exactly at this stage. Of |
| USA auto insurance sphere. That's why we | | | | course most of us are not professional at the |
| decided to dedicate several articles to the theory | | | | USA auto insurance sphere. That's why we |
| of auto insurance. | | | | decided to dedicate several articles to the theory |
| Posted in News by Addy on Jun 17th, 2007 | Edit | | | | of auto insurance. |