Can Compulsory Traffic Insurance Cover Car Repairs?
1 Answers
Compulsory traffic insurance cannot be used to repair your own vehicle. It only covers damages to other people or property outside your vehicle. More relevant information is as follows: 1. Insurance can be purchased from different companies: When purchasing compulsory traffic insurance for motor vehicles, the insurance company is not a determining factor. Even if you switch insurance companies, it will not affect the discounts or benefits for purchasing compulsory traffic insurance. What affects insurance discounts and benefits is the number of claims made by the vehicle in the previous year. 2. Definition of compulsory traffic insurance for vehicles: It is a type of insurance that protects non-vehicle members and the policyholder in the event of a traffic accident. It is a mandatory insurance designed to cover the personal and property losses of others after a traffic accident. This insurance is compulsory and must be purchased as long as the vehicle is registered and in use.