Unlike other policies, you are required by law to get insurance when you . own a vehicle. The type of insurance is automobile insurance.
What is an insurance?
Insurance is a means protecting people against financial loss. An entity that provides insurance cover is the insurer, while those who are protected are the insured.
It is to be noted that insurance is a form of risk management.
Hence, unlike other policies, you are required by law to get insurance when you own a vehicle.
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