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Does insurance need to be changed after vehicle release from lien?

1 Answers

LillianaLee

07/30/25 8:52am

Insurance needs to be modified after vehicle release from lien. Below is an introduction about vehicle insurance: 1. Introduction to auto insurance: Vehicle insurance, also known as motor vehicle insurance or simply auto insurance. 2. Classification of auto insurance: (1) Compulsory Traffic Accident Liability Insurance: Full name is Compulsory Traffic Accident Liability Insurance for Motor Vehicles. (2) Vehicle Damage Insurance: Refers to compensation by the insurer for losses to the insured vehicle caused by natural disasters or accidents within the insurance coverage, according to the insurance contract. (3) Third-party Liability Insurance: Covers liability for personal injuries or direct property damage to others caused by accidents involving the insured vehicle during use. (4) Full Vehicle Theft Insurance: Full name is Full Vehicle Theft Insurance for Motor Vehicles. (5) On-board Liability Insurance: Covers liability for personal injuries to passengers and direct damage to goods on board caused by accidents involving the insured vehicle.

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