Posted in: Legal/Finance in Oman | Posted: |
Car insurance is insurance that is specifically targeted at automobiles. This type of insurance is purchased to protect the driver from liability if there are damages in the event of an accident. It also protects them as a vehicle owner should someone else cause an accident as with full coverage insurance, you can protect your vehicle as well. The contract that is used is a risk-sharing contact which allows the insurance company and the owner to form an agreement if damage occurs to the vehicle.