In a scenario where you are found at fault in an accident (eventually &#x2F; as the outcome), both legal fees and the judgment of having to pay out could put immense strain on your fiscal outlook in both the short and long term. Note I picked the word &quot;accident&quot; because it&#x27;s something that is theoretically insured against but may not be sufficiently mitigated as a personal risk. E.g. umbrella is too small.