What are the 4 essential insurances for vehicles?

[VonCameron]

The 4 essential insurances for vehicles are: 1. Compulsory Traffic Insurance: This insurance is mandatory and required for road use. It provides compensation to victims according to the contract in case of an accident, but note that the victims do not include the insured or passengers inside the vehicle. 2. Passenger Liability Insurance: Passengers are often present in the vehicle, and this insurance ensures compensation from the insurance company in case of an accident. 3. Third-party Liability Insurance: This covers damages caused to a third party (other than the vehicle owner and the insurance company) in an accident, reducing the financial burden on the vehicle owner. 4. No-deductible Additional Insurance: Normally, insurance companies have a deductible rate where they don’t cover part of the claim, but with this insurance, the entire amount is covered by the insurance company.