The concept of insurance; its purpose
people and their property are not exempt from suffering contingencies that, due to accident or the will of another, may cause deterioration or partial and/or total loss both of their human conditions, in the case of the person (life, injuries, illnesses) and their assets (home, belongings, savings, car, etc…). And on the other hand, too the same people and their goods are susceptible to cause the same damage about their fellow men.
The contract comes to alleviate these adversities after paying an economic premium. Thus, contracting a policy makes us a security scenario against events that can disrupt our lives and protects us from its possible consequences, both financial and legal in many cases.
The mandatory civil liability insurance covers us from claims that could legally be made to us by causing damage to another person or their property involuntarily and accidentally. Of course, if with malicious intent we crash the car against our neighbor’s car and the intention is proven, the company will not attend to us.