What is Traffic Insurance?
Traffic insurance is a type of insurance policy that provides protection against the financial consequences of accidents that may occur while motor vehicles are on the road. Each country’s traffic insurance practices are different, but in general the basic operation is the same. Traffic insurance is compulsory in Turkey. Traffic insurance is of great importance for every person who drives.
A Legal Requirement
Traffic insurance is a legal requirement in many countries. Motor vehicle owners must obtain this insurance before putting their vehicles on the road. This requirement is implemented to ensure the safety of other drivers and road users.
Financial Damages from Traffic Accidents
Traffic accidents are always unpredictable. In an accident, damage to the other party or other property, injuries, or even fatalities can occur. Traffic insurance mitigates such material damages and provides financial assistance to the parties involved.
Provides Legal Protection
Traffic insurance protects drivers from legal issues. Legal proceedings and compensation claims arising from accidents are managed by the insurance company, and the compensation paid eases these legal processes.
