What do compulsory insurance mean?

Compulsory insurance is mandatory coverage that all drivers must have. This may include bodily injury liability, property damage liability, and uninsured/underinsured coverage. It also includes coverage for anyone riding in your vehicle, such as a passenger or a driver's spouse.

What does compulsory insurance mean?

Under compulsory insurance every driver in a certain state must have a policy to cover them in the case of an accident. If you drive in California, for example, then you must have a California insurance policy. Insurance companies are required to sell the mandatory insurance to you. If you don’t have mandatory insurance, then you will have to pay a fine.

What is compulsory insurance?

At its simplest, compulsory insurance is mandatory auto insurance. This means that if you drive a car in the state you live in, you are required to have car insurance coverage. Every state has different requirements for mandatory insurance coverage; for example, in some states, bodily injury liability is mandatory, while others only require insurance for property damage.

What is compulsory insurance coverage?

If you drive a car, motorcycle, boat, or other vehicle, you typically need to carry some form of compulsory insurance. Compulsory insurance is mandatory coverage that all drivers must have to pay into a state-run insurance fund. Compulsory insurance is mandatory because it protects the public. Without it, people could be left responsible for making payments on motorists who cause damage to other people or their property.

What is a mandatory insurance?

Compulsory insurance is a form of auto insurance that all drivers must have, whether they have a valid license or not. It applies to drivers who are either uninsured or have a valid insurance policy that does not cover the cost of the accident. This would be the case if you have a car that is financed and the insurance company for the vehicle is unable to cover the cost of the damage.