Why is Car Insurance Mandatory

As per the Motor Vehicles Act, possessing a third-party insurance plan is compulsory for every car owner. But why is it so important and why has the Government mandated car insurance?  A car insurance policy helps safeguard you from financial shocks arising from accidents that affect you on the road. They are a reliable backup plan that provides support to car owners and may, in fact, be your saviours. The accidental mishaps can be devastating for you, your family, and the third parties involved. Insurance plans help you rise from the financial strains and distress as the insurer covers for

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, Third Party Liability , Motor Vehicles Act , Comprehensive Car ,