Can Compulsory Traffic Insurance Cover Rear-End Collision with Full Liability?

[LeahLee]

Yes, compulsory traffic insurance can be claimed for a rear-end collision with full liability, as it compensates third-party vehicles or individuals. If the compensation amount falls within the coverage limit of the compulsory insurance, the insurance payout procedure can be directly followed. If the amount exceeds the coverage limit, the remaining portion can be supplemented by commercial insurance. If no commercial insurance is purchased, the excess amount must be borne by the individual. Compulsory Traffic Insurance for Vehicles: The full name of compulsory traffic insurance is "Compulsory Liability Insurance for Motor Vehicle Traffic Accidents." It is a mandatory liability insurance where the insurance company compensates for personal injuries, fatalities, and property losses of victims (excluding vehicle occupants and the insured) caused by road traffic accidents involving the insured vehicle, within the liability limits. The premium is based on the nationally unified standard rates. However, the price of compulsory insurance varies for different vehicle types, primarily influenced by the number of car seats. Compared to the over 20 exemption clauses in commercial third-party liability insurance, compulsory traffic insurance covers a broader range, including losses caused by intentional actions of the victim, property losses of the insured, related arbitration and litigation costs, and certain indirect losses from accidents. Moreover, regardless of whether the insured vehicle is at fault in the accident, compulsory traffic insurance will compensate within the liability limits, with no deductible or exemption clauses. Introduction to Electronic Insurance Policies An electronic insurance policy refers to a digital policy issued by an insurance company with its electronic signature, utilizing digital signature software and corporate digital certificates that comply with the PKI system. An insurance policy, abbreviated as a policy, is the official written proof of the insurance contract between the insurer and the insured. It must fully record the rights, obligations, and responsibilities of both parties to the insurance contract. The content recorded in the policy serves as the basis for both parties to fulfill the contract. The policy is proof of the establishment of the insurance contract. Advantages of Electronic Insurance Policies: Saves paper resources, eliminating the need to print insurance proof labels; Time-saving and convenient, not restricted by time or location, with information universally accessible online anytime, quickly and easily; Allows for reissuance or resending, eliminating concerns about loss. If a paper version is needed offline, it can also be printed or mailed; Easy management, as the electronic unification makes it convenient for insurance companies and traffic police departments to manage the insurance information of various vehicles.