- Compulsory:
In most countries, having at least third-party vehicle insurance is mandated by law. Third party insurance covers harm or property damage you accidentally cause to other people, their vehicles, or their belongings (excluding your own vehicle and passengers). Without insurance, you could be financially responsible for any damages you do, which can be costly.
- Optional:
In some jurisdictions, third-party insurance might be optional. However, it is still highly advised because if you are in an accident and do not have insurance, you could face legal and financial difficulties
Note: Laws and insurance requirements can vary between nations and even change periodically. To determine the precise regulations and needs for your location, verify with your local authorities or insurance authorities.
