Do You Need to Buy Insurance When Purchasing a Used Car?
1 Answers
Buying a used car requires purchasing insurance. If the original car has insurance, you can transfer it; if not, you can buy new insurance. However, driving without insurance provides no protection. Below is relevant information about car insurance: Components: Car insurance generally includes two parts: basic insurance and additional insurance. Basic insurance is further divided into vehicle damage insurance and third-party liability insurance. Coverage Details: Vehicle damage insurance covers losses to your own vehicle; third-party liability insurance covers damages to objects outside your own vehicle, such as people and public property you hit, or the other party's car, etc.; passenger liability insurance covers personal and property losses within your own vehicle; theft insurance covers compensation when your vehicle is stolen; zero deductible ensures 100% compensation in case of an accident.