Can I cancel the insurance purchased at a 4S store and buy a new one after picking up the car?
1 Answers
Insurance purchased at a 4S store can be canceled and repurchased after picking up the car. Compulsory Traffic Insurance: This is a mandatory insurance required by the state. If not purchased, traffic police may impose fines upon inspection. Third-Party Liability Insurance: This insurance is used to compensate for losses caused by the vehicle owner to third-party personal injuries or fatalities. Vehicle Damage Insurance: This insurance covers losses to the vehicle itself caused by natural disasters and accidents. No-Deductible Insurance: An additional insurance that transfers the responsibility from the vehicle owner to the insurance company, reducing the owner's losses. It is advisable to purchase no-deductible insurance if both vehicle damage insurance and third-party liability insurance are bought.