Vehicle insurance is the Insurance for cars, buses, truck, motorcycle, e t c and it is compulsory by Law for every vehicle owner or driver.
Vehicle Insurance is a contract between you {insured} and the Insurance Company {insurer} where by you agree to pay a certain amount of money {premium) and in the event of a loss or accident, the Company agrees to pay for the damage or loss has stated in the Insurance policy.
It provides financial protection against physical damage and / or bodily injury from road accidents and the liabilities that could arise from such.