
13/03/2025
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Car insurance VS Driver insurance📌
Motor insurance is designed to protect the car owner against financial loss in the event of an accident involving the vehicle. It provides property coverage for damage to or theft of the car as well as liability coverage for the legal responsibility to others for bodily injury or property damage. In contrast, driver insurance is tailored to protect a specific driver, regardless of the car they are driving. While car insurance focuses on the vehicle and its owner, driver insurance centers around providing coverage for the person operating the vehicle, irrespective of the ownership of the car in question. In Korea, motor liability insurance is compulsory, but driver insurance is not mandatory.