Do small cars still need to display the compulsory insurance sticker?
1 Answers
With the introduction of electronic insurance policies, it is no longer necessary to display the compulsory traffic insurance sticker. Below is relevant information about compulsory traffic insurance: Description: Compulsory traffic insurance is a mandatory national insurance, and vehicles can only be driven on the road after purchasing it. Compulsory traffic insurance compensates for the losses of the victim party, but the compensation amount is limited, and it does not cover the losses of the vehicle owner who purchased the insurance. Given the frequent occurrence of traffic accidents nowadays, even minor collisions or rear-end accidents require supplementary commercial auto insurance. Important Notes: Compulsory traffic insurance and third-party liability insurance must be purchased, but do not overlook vehicle damage insurance, especially for new drivers who are not yet skilled. Vehicle damage insurance ensures that your own vehicle can receive adequate compensation in the event of an accident.