Everyone has unique needs. That's why there are so many different kinds of insurance plans available.
You and your neighbour may have completely different plans because you have different values, assets and budgets.
Where you live can alter your insurance needs as well. For example, a person who lives somewhere with little to no inclement weather may not feel the need to protect their home from natural disasters to the extent that someone in Papua New Guinea might.
Similarly, if you live in Port Moresby, you face risks that people in more rural areas do not, one of those being increased risk of something happening to your vehicle.
In an urban area like Port Moresby, you should consider investing in vehicle insurance to protect your vehicle from a wide range of risks.
What risks do I face without insurance?
If something happens to your vehicle and it's not insured, you will have to pay the whole cost of getting it replaced or repaired out of pocket. However, if it is covered, your insurance will pay for some if not all of the costs.
But why does living in Port Moresby increase your risk?
The roads are more congested
Port Moresby is the most populated city in Papua New Guinea. More people means more cars on the road.
The more cars that are around you, the higher risk of a collision you face. Even if you are an impeccable driver, the risks everyone driving near you takes affect you as well. Congested roads increase your chances of getting into an accident.
People are in a hurry
Cities are hubs for liveliness and action, and Port Moresby is no exception. As the capital of Papua New Guinea and the largest city, Port Moresby is the center of business and culture.
Where there is more to do, life moves faster. People are more likely to be in a rush in Port Moresby than they are in the more rural areas of Papua New Guinea. Even if you are especially careful in the city, you should protect yourself from those who tend to hurry about carelessly.
There's more crime
Although cities like Port Moresby are full of culture and life, you have to watch out for the not-so-pretty things that live in cities, like crime.
Sadly, cities all around the world have higher crime rates than their rural counterparts. More people means more opportunities for crime to strike.
There are a lot of crimes that could be inflicted upon your vehicle. Someone could crash into it and immediately drive away, leaving you fully responsible for fixing the damages. A person could break into your car to steal what's inside, damaging your windows or doors in the process. It's also possible that someone could steal your car if you leave it unlocked or, sometimes, even if you don't.
Is vehicle insurance worth the money?
Yes, it is.
In a perfect world, you will never need insurance. You'll never get into a car accident and your vehicle will never be the victim of a crime. That is the reality for some especially lucky people, but not everyone.
If you invest in vehicle insurance, you invest in your future. You never know what might happen, especially in a bustling city like Port Moresby where anything is possible. If you protect your assets like your vehicle from risk, you protect yourself, your family and your savings.
You should be able to enjoy all of the exciting things about living in Port Moresby without having to worry about all of the risks. TPAL can help make that a reality for you. Contact us today to discuss your options for vehicle insurance.