What is the need for car insurance?

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Need for car insurance by risk

In the previous chapter, we presented four typical car accident risks and stated that liability insurance alone is not sufficient to prepare them comprehensively.

Let’s review the four typical risks of a traffic accident.

Typical risks of car accidents

  • Risk of injury or death
  • Risk of destroying your own

You must purchase voluntary car insurance to prepare for the risk of a car accident that cannot be covered by mandatory liability insurance alone.

So how does car insurance handle the risk of every car accident?

Let’s take a concrete look at each risk.

Continue reading on the next page.

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