All motor vehicles are required to have third party insurance. Any vehicle not using mechanical device is not a motor vehicle. Which of the following is correct derivation from the above?
A
All Third Party Insurance relate to motor vehicles.
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B
Vehicles not using mechanical device need not have Third Party Insurance.
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C
All vehicles must have Third Party Insurance.
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D
None of the above.
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Solution
The correct option is B Vehicles not using mechanical device need not have Third Party Insurance. Vehicle insurance is insurance for car, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage and/ or bodily injury resulting from traffic collisions and against liability that could also arise there from.