Do I have to compensate for hitting a new car without license plates?
1 Answers
Compensation depends on the scope of responsibility of both parties, and the traffic management office can determine the liability division. Here are the relevant details: Vehicle Insurance: Compulsory Traffic Insurance, Vehicle Damage Insurance, Third-Party Liability Insurance, Theft Insurance, Passenger Liability Insurance, Scratch Insurance, etc. Compulsory Traffic Insurance: Compulsory Traffic Insurance is mandatory for every vehicle owner in China as required by law. It effectively ensures basic insurance claims in the event of a traffic accident. This is especially important for vehicle owners who may not have significant financial resources beyond their car. In case of an accident, Compulsory Traffic Insurance can cover the economic compensation that may otherwise be difficult to pay. Failure to purchase Compulsory Traffic Insurance as required may result in the seizure of the vehicle by the traffic management authorities and a fine of twice the amount of the insurance premium.