Motor insurance is a type of financial protection for vehicles like cars, motorcycles, and trucks, safeguarding against damages, theft, and accidents. It is mandatory in many countries to ensure vehicle owners are financially prepared for potential liabilities. There are typically two main types of motor insurance: third-party liability and comprehensive insurance. Third-party liability insurance covers damages or injuries caused to another person or their property and is usually a legal requirement. Comprehensive insurance, on the other hand, provides broader coverage, including protection for the insured vehicle against theft, accidents, natural disasters, and other unforeseen events. Motor insurance not only ensures compliance with legal requirements but also offers peace of mind by minimizing financial risks associated with owning and driving a vehicle.