Can a Total Loss Vehicle Still Be Insured?

[VanCora]

A total loss vehicle cannot be insured and is ineligible for commercial insurance repurchase. Below are the specific details about auto insurance: 1. Compulsory Traffic Insurance: This is a legally mandated insurance that every vehicle owner must purchase. It provides the most basic insurance coverage in the event of a traffic accident. Should an accident occur, compulsory traffic insurance assists the owner in covering economic compensations that would otherwise be difficult to pay. The compensation amount is determined based on the owner's liability proportion in the accident and whether it resulted in personal injury or death. 2. Vehicle Damage Insurance: This insurance covers damage to the insured vehicle resulting from an accident caused by the insured or an authorized driver. The insurance company will provide compensation within reasonable limits. The premium for vehicle damage insurance is significantly influenced by the vehicle's purchase price and the number of seats. 3. Third-Party Liability Insurance: This insurance covers compensation for bodily injury or direct property damage to a third party (excluding the driver and passengers of the insured vehicle) caused by an accident, as stipulated by the insurance company.