How long can compulsory traffic insurance be lapsed?
1 Answers
Compulsory traffic insurance cannot be lapsed. Below is an introduction to relevant knowledge about compulsory traffic insurance: 1. Definition: Compulsory traffic insurance refers to the compulsory liability insurance for motor vehicle traffic accidents, which means that when an insured vehicle is involved in a traffic accident, the insurance company will compensate the victims for personal injuries and economic losses. It should be noted that the compensation personnel of this insurance do not include the people in the vehicle and the insured. 2. Notes: Compulsory insurance is a service contract between the vehicle owner and the insurance company. If it expires for one day, it means the contract is terminated and no longer has legal effect. After expiration, it is necessary to renew the insurance as soon as possible. As long as the lapse time does not exceed three months, you can still enjoy the discount.