Car Insurance

Car Insurance

What is Car Insurance?

Car insurance is a contract between a vehicle owner and an insurance company that provides financial protection against losses or damages related to the car. In exchange for paying a premium, the insurer agrees to cover certain costs arising from accidents, theft, natural disasters, or third-party liabilities involving the insured vehicle.

Car insurance typically helps cover:

• Damage to the car due to accidents or collisions
• Theft or vandalism of the vehicle
• Injury or property damage caused to others by the insured driver
• Legal and medical expenses arising from car accidents

Having car insurance is mandatory in many countries to ensure that drivers can handle the financial consequences of accidents or damages. It gives peace of mind by protecting both the vehicle owner and other road users.