Can Private Cars Purchase Commercial Vehicle Insurance?
1 Answers
Private cars (non-commercial vehicles) cannot purchase commercial vehicle insurance. By definition, the two are not equivalent or compatible, as the purpose and nature of the vehicles differ. Non-commercial vehicles are those not used for profit-making purposes, i.e., private cars. Commercial vehicles are road transport vehicles that provide labor services to society and involve various forms of cost settlements. Examples include ride-hailing vehicles, buses, shuttle buses, public buses, school buses, etc. Vehicles of different natures and usage purposes correspond to different insurance types, coverage scopes, and coverage amounts. They cannot be interchangeably purchased and must be bought according to the regulations that match their respective categories. When purchasing insurance, the nature and usage purpose of the vehicle will be reflected in the insurance contract, indicating whether it is a commercial or non-commercial vehicle. The insurance type should match the vehicle's usage. If the vehicle's nature is misrepresented or falsely reported for insurance purchase due to personal reasons, the insurance company has the right to refuse compensation in the event of a traffic accident. Therefore, this could result in certain losses for the car owner purchasing the insurance.
