What does compulsory mean on car insurance?
Compulsory car insurance refers to mandatory coverage on vehicles registered in the United States. It's required by law that all drivers have a policy. Drivers need to pay for insurance before they can receive a driving license.
Most states have separate minimum coverage limits for personal injury protection and liability. The minimum coverage limit for bodily injury is $10,000 per person for property damage and $20,000 per accident for bodily injury. The majority of states also require medical coverage.
What does the word compulsory mean when it comes to health insurance?
When it comes to health insurance, the term " compulsory refers to the fact that your health insurance coverage must be purchased. It doesn't matter what your employment situation is; you can't get health coverage through your employer if you don't have it. There are also some specific situations in which you will need to have health insurance, including things like being a dependent on your parents' insurance.
What does the word compulsory mean on car insurance?
If you are required to have insurance on your vehicle, then it is mandatory. If you own a car, you are required to have insurance. It is not optional with the State of California. Every car owner must have appropriate coverage. No matter what, you must have liability insurance. If you cause an accident, you could be held responsible for the damages. So, you need to have adequate coverage to protect yourself and your passengers. In addition, you must also have property damage liability and medical payment
What does the word compulsory mean on health insurance?
The word "compulsory" isn't used with health insurance. It is used to describe mandatory insurance for drivers in the United States. For example, auto insurance is compulsory for drivers in California. It is also compulsory in several other states in the United States.
What does the word compulsory mean in insurance?
There are two types of mandatory insurance coverage in the United States. The first is compulsory liability insurance. This is the type of coverage that protects drivers and other people involved in an accident that is your fault. If someone is injured in a car accident, then the other driver might file a lawsuit against you. To protect against this, you need to purchase mandatory liability insurance coverage, which is essentially liability insurance for your vehicle.