There are many things to consider when buying a car. For example, it is very wise to take out insurance. This can save you a lot of money. In some countries it is even mandatory to have car insurance for your car. Do you want to know more or do you want to take out insurance? Click here! What is car insurance?
But what is car insurance anyway?
Car insurance is insurance for cars, trucks, motorcycles and other road vehicles. You will receive financial protection by taking out car insurance. This protection applies in the event of physical damage to your car or physical injury. This only applies if the damage is caused by a traffic accident or incidents that could happen to you in your vehicle. Car insurance also provides financial protection against theft. There are also insurance policies where you are protected against a number of weather and natural disasters. Damage caused by you will also be compensated. What exactly is reimbursed differs per country and per insurance.
History of car insurance After the First
World War came to an end, cars began to emerge. Cars became more common, for personal use. Cars were not very developed at the time. That meant that there were many accidents. Cars at the time were very fast and far from flawless in operation. Car insurance was not mandatory anywhere at the time. What did that mean for you then? If you had an accident, the costs for you as a driver were very high. Victims also often received little or no compensation.