Auto Insurance Is Not ..
A
savings account. The premium you pay is not deposited into an “account” for you
to withdraw in the event of an accident. If it were, it would probably not be
enough to cover the cost of a major claim.
Complete.
Every policy has limitations on what it covers and to what extent. You may not
be fully covered in every situation.Your policy will explain the limitations.
Guaranteed.
An insurance company may elect to cancel your coverage or not to renew your policy,
depending on your driving record or other factors. Minnesota law establishes
the standards for these cases. See Cancellation and Nonrenewal of a Policy.