Liability vehicle insurances

Liability vehicle insurancesThe liability vehicle insurance insures the damaged third parties in case of an accident produced by the insured vehicle’s driver fault. Unlike the CASCO insurance, the Liability Vehicle Insurance is mandatory by law and provides compensations to a third party, not to the insured person.

Both the damaged third party receiving compensations and the insured person are benefiting from this type of insurance.

First, the damaged third party receives the compensations from the insurance company, compensations that the insured person may not be able to provide.

Second, the insured persons would avoid circumstances that would probably seriously unbalance their financial situation.

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