Motor Vehicle Insurance (Auto Accident Insurance)

Traffic insurance is a legally required insurance that motor vehicle owners must have. It is designed to cover the material and bodily damages of the other party in the event of an accident, protecting the vehicle owner from serious financial liabilities.

Coverage:

  • Material damages to the other party’s vehicle
  • Health expenses of the other party
  • Damages to third parties
  • Compensation payments for disability or death caused by the accident

Why it is Necessary:

  • Legal obligation
  • Reduces financial responsibility
  • Protects the rights of third parties
  • Reduces legal issues after an accident
  • Provides risk management