Legal Requirement
Having a basic liability insurance is a legal requirement for operating a motor vehicle on public roads. Failure to have insurance can result in fines, penalties and even legal consequences.
Financial Protection
Car accidents can result in significant financial losses, including vehicle repairs, medical expenses, property damage and legal liabilities. Insurance helps protect you from these unexpected costs by providing financial coverage in case of an accident.
Third Party Liability Coverage
It also covers the costs associated with damage or injuries one might cause to others while operating the vehicle. It can cover medical expenses, property damage, and legal fees if found responsible for an accident.
Comprehensive Coverage
It also covers damages to the vehicle due to non-collision incidents such as thefts, vandalism, natural disasters and more.
Peace of Mind
Insurance provides peace of mind knowing that you're financially protected in case of accidents, theft, or other unforeseen events. This can reduce stress and worry associated with driving.