Do I have to pay out of pocket if my insured car hits someone?

1 Answers
JoelLee
07/24/25 11:22pm
If a car with insurance hits someone, the owner may not necessarily need to pay out of pocket. No payment required: If the compensation demanded by the other party falls within the coverage of the owner's third-party liability insurance and has been fully satisfied, then no out-of-pocket payment is needed. Payment required for excess amount: If the compensation demanded by the other party exceeds the total coverage of compulsory traffic insurance and commercial third-party liability insurance, the owner must pay the excess amount out of pocket. Automobile insurance: Also known as motor vehicle insurance or simply car insurance, it is a type of commercial insurance that covers liability for personal injury or property damage caused by natural disasters or accidents involving motor vehicles. Automobile insurance is a form of property insurance that has evolved and matured alongside the emergence and widespread use of automobiles.
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