Insurance is a contract that protects someone from accidental financial loss. It can come in many forms including, health, life, schooling and many more.
People that use the road as a means of transport are required to have insurance for their vessels.
Drivers and motorcyclists alike are required by law to possess the insurance forms and failure to adhere would attract a fine.
It is a common thing all over the world and people are familiar with the rules and requirements of road transport.
Different countries have different rules and regulations with varying penalties for failure to abide by the set rules.