The spring of 2010 saw one of the most devastating disasters to ever occur in the United States. I’m talking about the oil spill that is polluting the waters of the Gulf of Mexico. This oil spill has easily become the worst in history, surpassing the Exxon Valdez spill back in the 1980s. I would like to talk about BP’s handling of this horrible accident and how you can use the lessons of how they are handling the things to find cheap car insurance for your vehicles.
In my opinion, the tragedy in the Gulf has been a long time coming and was fueled by two things; greed and negligence. Bp’s need to extract more and more oil from the ground led to a well overloading until it exploded leaving a large hole in it. No one knows the exact cause of the break and no one knows exactly how to fix it. Even Bp officials are puzzled by this fact and now everyone is looking for solutions. Your search for cheap car insurance could find you in the same position as BP if you’re not careful about the way you do things.
Most drivers want the best deal when it comes to car coverage. We want it cheap and we want it now. But getting it for such a low price might mean giving up some concessions to save some money. Most people try to get a better deal by increasing their deductible. This is fine if you never plan to have any kind of accident. But if the unthinkable happens, you will ultimately have to bite the bullet and pay that deductible to recover after filing a claim. You see, BP had the equivalent of cheap car insurance when it came to handling a disaster they didn’t anticipate.
Now BP may be committed to cleaning up the affected areas, which will eventually add up to billions of dollars. They are also responsible for compensating all individuals and companies whose livelihoods were affected by the oil spill. This could mean that any money BP has made or saved during its existence can be gone in an instant. You see, cheap car insurance is great if your car is just in the driveway, but if it isn’t, things could go downhill quickly.
BP never considered a scenario like this. Which means that they did not invest in preventive measures or put money into research and development of response technology to the aftermath. This would be like thinking that your car could never be stolen and never thinking about anti-theft measures. When looking for coverage, you should ask about discounts and ways you can save money and still have adequate coverage. Otherwise, your cheap car insurance will be as worthless as some of the techniques used to prevent the well from leaking oil in the Gulf. In general, don’t assume you’re clean and always prepare for driving scenarios that can affect your ability to recoup your losses.
