Quite right.. I was refering to personal injury not your vehicle.
But even with regard to vehicle insurance, making third part cover compulsory has the effect of making comprehesive cover very expensive. If you were to do a comparison, you may find its currently cheaper to voluntarily get full cover in NZ, than 3rd party is in countries where insurance is compulsory.
So if you only own one vehicle, and you are sure you will always be in the right, compulsory 3rd party is a good idea. But if you own several, it may not be that wonderful !
Plus, of course ACC covers even the unregistered for personal injury. Compulsory insurance is a bit like complusory rego, wofs etc. Not everyone bothers.
David must play fair with the other kids, even the idiots.
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