Insurance

Purpose of Motor Vehicle Liability Insurance

What is the purpose of motor vehicle liability insurance?

 

To give immediate financial assistance to victims of motor vehicle accidents and/or their dependents, especially if they are poor regardless of financial capability of motor vehicle owners of operators responsible for the accident sustained. (First Integrated Bonding Insurance Co., Inc. v. Hernando, G.R. No. L-51221, July 31, 1991)


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