Compulsory insurance against liability

Insurance against liability insurance is important for the policyholder, which has a policy for this type of insurance, as well as for the person who has suffered damage from the policyholder.

The importance, which the insurance against liability has for the policyholder, is that it provides security to the insured person.

The insurance company instead of the policyholder take on obligation to pay the injured party the amount of damage within the limits of the sum assured if the policyholder unintentionally and inadvertently causes damage to a third party.

On the other hand, insurance against liability, provides that a person who has suffered damage always may be fairly compensated.

Forasmuchas that the insurer take on obligation to himself, it avoids the chance that challenger of damage, due to poverty or other reasons, can not compensate for the damage Continue reading Compulsory insurance against liability