A WA insurance, fully known as Legal Liability Insurance, is an insurance that covers the financial consequences of damage you cause to others with your vehicle. In the Netherlands, it is mandatory for every vehicle owner to have at least a WA insurance. This requirement is stipulated in the Motor Vehicle Liability Insurance Act (WAM). But what exactly does this insurance cover and why is it mandatory?
Coverage of a WA Insurance
A WA insurance covers the damage you cause to third parties. This meansthat if you cause an accident with your car resulting in damage to anothervehicle or injury to a person, the WA insurance will cover the costs.
It is important to note that a WA insurance does not cover damage toyour own vehicle or injury to yourself. For this, additional insurances such asWA+ (Limited Comprehensive) and All-risk (Full Comprehensive) are available.
Why is a WA Insurance Mandatory?
The requirement for WA insurance primarily relates to the protection ofother road users and society as a whole. Here are the main reasons why thisinsurance is mandatory:
Conclusion A WA insurance is indispensable andmandatory in the Netherlands. It covers the damage you cause to others withyour vehicle, both material and bodily injury. The obligation providesprotection for victims, prevents financial problems for the perpetrator, andcontributes to legal certainty and peace on the road. It is a cornerstone ofthe traffic system that ensures we can hit the road with confidence andresponsibility.
When it comes to car insurance, there are many factors that affect how much you pay. One of the most important and sometimes overlooked is your annual mileage. But how exactly does the number of kilometers you drive each year influence your premium?
