Can Compulsory Traffic Insurance Cover the Repair of My Own Car?

[MacStella]

No, it cannot. Compulsory traffic insurance does not cover the repair of your own car because it is designed to compensate for damages to third-party vehicles and individuals. To claim for your own vehicle's damages, you must have purchased vehicle damage insurance. Compulsory traffic insurance is mandatory by law, and without it, you cannot legally drive on the road. Otherwise, according to the "Road Traffic Safety Law," the traffic management department of the public security authorities may impound the motor vehicle, require the party to provide the corresponding license, certificate, or mark, or complete the necessary procedures, and may impose a warning or a fine ranging from 20 to 200 yuan. Compulsory Traffic Insurance for Automobiles: 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, within the liability limits, for personal injuries, deaths, and property losses of victims (excluding vehicle occupants and the insured) caused by road traffic accidents involving the insured motor vehicle. The premium is based on the nationally unified standard rates. However, the price of compulsory traffic insurance varies depending on the vehicle type, with the main influencing factor being the number of car seats. Compared to the more than 20 exemption clauses in commercial third-party liability insurance, compulsory traffic insurance covers a much broader range, including losses caused by intentional actions of the victim, property losses of the insured, related arbitration and litigation costs, and some indirect losses caused by 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. Introduction to Electronic Insurance Policies An electronic insurance policy refers to a digital policy issued by an insurance company using digital signature software and enterprise digital certificates that comply with the PKI system, bearing the electronic signature of the insurance company. An insurance policy, abbreviated as a policy, is the official written proof of the insurance contract between the insurer and the insured. The policy 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 marks; Time-saving and convenient, not restricted by time or location, with information universally accessible online anytime, quickly and easily; Allows for reissuance and resending, eliminating worries about losing it. If a paper version is needed offline, it can also be printed or mailed; Easy management, as electronic unification makes it convenient for insurance companies and traffic police departments to manage the insurance information of various vehicles.