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23 September, 21:03

Difference between compulsory and non-compulsory insurance

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  1. 24 September, 01:01
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    Compulsory insurance is a type of insurance that is required by law before you can engage in specific activities. This kind of insurance is meant to protect you from harm in some way, an example would be the legal requirement to have auto insurance to drive a car or having health insurance in the United States.

    Non compulsory insurance is pretty much everything that you are not required to have, insurance such as travel insurance, life insurance, phone insurance, etc. Although it is a good idea to get these, they are not required.

    Non compulsory basically means voluntary while compulsory means required.
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