WHY MUST INSURANCE
It is the insurance that the person has to have due to the law. In case the person is liable to third parties, it should be considered as a measure created by using the insurance system to prevent the third parties from being left without compensation.
A typical example of compulsory insurance is Traffic Insurance. It is a type of compulsory insurance that is applied almost all over the world. It covers the responsibilities that may arise from the damages that the person may cause to third parties due to the motor vehicle he owns. Apart from the compulsory insurances such as "Highways Motor Vehicles Compulsory Liability Insurance", "Bus Compulsory Seat Personal Accident Insurance", "Cylinder Gas Compulsory Liability Insurance", "Dangerous Goods Compulsory Liability Insurance", which are also applied in our country, "Employer Financial Liability Insurance" applied especially in developed countries. There are compulsory insurances such as “Environmental Pollution Liability Insurance”.
In addition to the liability insurances, which are generally obligatory against the damages that the person may cause to third parties, there are also compulsory insurances that cover the material damage that may occur to the persons own property due to some natural disasters. Compulsory Earthquake Insurance implemented in our country is an example of this practice.
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