The difference between voluntary and compulsory insurance
Compulsory insurance is a form of insurance in which the insurance relationship between the insurer and the policyholder arises by virtue of law. First of all, it is impossible to refuse from compulsory insurance (CI). Certain types of OS (for example, OSAGO) need to be formalized by citizens personally. The CI has a clear payout schedule.
For voluntary insurance, the same rules apply, only it differs in a more free form of the contract. The person and the insurer have the right to conclude a transaction for any insurance event and for any amount. Everything depends only on the consent and agreements of both parties.
Compulsory insurance and voluntary insurance cannot mutually exclude each other. On the contrary, they complement each other. In other words: mandatory forms of insurance are basic and voluntary – extended, complex