Can I Claim Compulsory Traffic Insurance for Damaging My Own Car?
2 Answers
Compulsory traffic insurance does not cover damages you cause to your own car, as it is designed to compensate third-party vehicles and individuals. To claim for your own vehicle's damage, you must have purchased vehicle damage insurance. Compulsory traffic insurance is mandatory by law, and without it, you cannot legally drive on the road. According to Article 98 of the Road Traffic Safety Law, traffic management authorities under the public security organs can impound the vehicle, require the party to provide the corresponding license, certificate, or complete the necessary procedures, and may issue a warning or impose 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 for personal injuries and property losses of victims (excluding vehicle occupants and the insured) caused by road traffic accidents within the liability limits. The premium is based on the nationally unified standard rates. However, the price of compulsory traffic insurance varies depending on the vehicle type, primarily influenced by the number of car seats. Compared to the over 20 exemption clauses in commercial third-party insurance, compulsory traffic insurance covers a much broader range, including losses caused by intentional acts of the victim, the insured's own property losses, related arbitration and litigation costs, and some indirect losses from the accident. Moreover, regardless of whether the insured vehicle is at fault in the accident, compulsory traffic insurance will provide compensation within the liability limits. Introduction to Electronic Insurance Policies An electronic insurance policy refers to a digital policy issued by an insurance company using digital signature software and corporate 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. It must fully record the rights, obligations, and responsibilities of both parties to the insurance contract. The content of the insurance policy serves as the basis for both parties to fulfill the contract. The insurance 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, unrestricted 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 be printed or mailed; Easy management, as electronic standardization makes it convenient for insurance companies and traffic police departments to manage the insurance information of various vehicles.
Last time I accidentally reversed into the garage door while driving, denting the rear of my car. I thought I could use compulsory traffic insurance for repairs, but my insurance friend said no. Compulsory insurance only covers damage to others, such as when you hit someone else's car or person—it doesn't cover your own vehicle's damage. In cases where you damage your own car, you need commercial insurance like vehicle damage coverage. If you only have compulsory insurance, repair costs come out of your own pocket, so I quickly added vehicle damage coverage—now I feel much more at ease. Driving mishaps happen, like scraping curbs while parking or backing into trees. Getting comprehensive insurance in advance saves hassle; otherwise, small issues become costly and time-consuming. Remember, compulsory insurance is state-mandated public coverage—protecting personal property requires additional policies.
