What is motor insurance?

Owning and driving a car means taking on many risks to yourself and others. When a traffic accident happens, damage, injuries, loss or all of these factors may be inflicted upon you and others. Damage and loss of your property may also occur. Fire, theft, vandalism and natural disasters are other possible risks.

Motor insurance is a contract between you and the insurer, specifying each parties rights and obligations. Essentially your insurer promises to provide specific coverage for you in return for your payment of premium.