Can I Buy Insurance for a New Car Without a Certificate of Conformity?
2 Answers
According to insurance company regulations, it is not allowed to insure a new car without a certificate of conformity. Compulsory Traffic Insurance: Compulsory Traffic Insurance is a mandatory insurance that every car owner in China is required by law to purchase. It effectively ensures that there is basic insurance coverage for claims in the event of a traffic accident. This is especially important for car owners who may not have much else besides their vehicle. In the event of a traffic accident, Compulsory Traffic Insurance can help cover the financial compensation that might otherwise be difficult to pay. If this insurance is not purchased as required, the traffic management department of the public security authorities has the right to impound the vehicle and impose a fine of twice the amount of the insurance premium that should have been paid. Vehicle Damage Insurance: Vehicle Damage Insurance refers to coverage where, if the insured or an authorized driver causes an insured accident while driving the insured vehicle, resulting in damage to the insured vehicle, the insurance company will provide compensation within reasonable limits.
I've purchased several cars, including a new car once without receiving the certificate of conformity in time. At that time, I really wanted to buy insurance to protect the new car from scratches or accidents. But when I consulted the insurance company, they told me that although it's technically possible to temporarily insure the car using the VIN, without the certificate of conformity, the car cannot be registered, which would make the insurance invalid. If an accident occurred, the claim might be rejected because the car isn't legally allowed on the road. That time, I waited for three days until the dealer supplemented the certificate before buying insurance, which made me feel much more at ease. From experience, the risk is too high and not worth it. I recommend urging the 4S shop or dealer to supplement the certificate first. Insurance is meant to protect your investment; don't suffer losses because of impatience.
