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  • Vehicle Insurance: Insurance Cars Trucks Motorcycles Traffic Collisions Liability Regulations

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    Saleh Rehman
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    Vehicle insurance provides financial protection for cars, trucks and motorcycles against physical damage, bodily injury, and liability resulting from traffic collisions. It may also offer protection against theft and other non-collision damage. While cars became widespread after World War I, there was no compulsory insurance in place. This meant injured victims rarely received compensation and drivers often faced high costs. The UK introduced the first compulsory car insurance scheme in 1930 with the Road Traffic Act, which required insurance covering liability for injury or death to others from vehicle use. Germany enacted similar legislation in 1939.

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    Health Insurance

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    Vehicle insurance provides financial protection for cars, trucks and motorcycles against physical damage, bodily injury, and liability resulting from traffic collisions. It may also offer protection against theft and other non-collision damage. While cars became widespread after World War I, there was no compulsory insurance in place. This meant injured victims rarely received compensation and drivers often faced high costs. The UK introduced the first compulsory car insurance scheme in 1930 with the Road Traffic Act, which required insurance covering liability for injury or death to others from vehicle use. Germany enacted similar legislation in 1939.

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    © All Rights Reserved
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    2 views1 page

    Vehicle Insurance: Insurance Cars Trucks Motorcycles Traffic Collisions Liability Regulations

    Uploaded by

    Saleh Rehman
    Vehicle insurance provides financial protection for cars, trucks and motorcycles against physical damage, bodily injury, and liability resulting from traffic collisions. It may also offer protection against theft and other non-collision damage. While cars became widespread after World War I, there was no compulsory insurance in place. This meant injured victims rarely received compensation and drivers often faced high costs. The UK introduced the first compulsory car insurance scheme in 1930 with the Road Traffic Act, which required insurance covering liability for injury or death to others from vehicle use. Germany enacted similar legislation in 1939.

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    © All Rights Reserved
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    Vehicle insurance

    Vehicle

    insurance

    (also

    known

    as, GAP

    insurance, car

    insurance,

    or motor

    insurance)

    is insurance purchased for cars,trucks, motorcycles, and other road vehicles. Its primary use is to provide
    financial protection against physical damage and/or bodily injury resulting from traffic collisions and
    against liability that could also arise there from the specific terms of vehicle insurance vary with
    legal regulations in each region. To a lesser degree vehicle insurance may additionally offer financial protection
    against theft of the vehicle and possibly damage to the vehicle, sustained from things other than traffic
    collisions.

    Widespread use of the automobile began after the First World War in the cities. Cars were relatively fast and
    dangerous by that stage, yet there was still no compulsory form of car insurance anywhere in the world. This
    meant that injured victims would seldom get any compensation in an accident, and drivers often faced
    considerable costs for damage to their car and property.
    A compulsory car insurance scheme was first introduced in the United Kingdom with the Road Traffic Act 1930.
    This ensured that all vehicle owners and drivers had to be insured for their liability for injury or death to third
    parties whilst their vehicle was being used on a public road.[citation needed] Germany enacted similar legislation in
    1939.

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