How long can the payment of motorcycle insurance be delayed after expiration?
1 Answers
Vehicle compulsory insurance can be delayed for up to 3 months for payment. The payment can be delayed, as long as the original auto insurance company can still accept renewal within 3 months. However, according to regulations, vehicles without compulsory insurance are not allowed on the road. Below is relevant information about compulsory insurance: Introduction: The full name of compulsory insurance is "Motor Vehicle Traffic Accident Liability Compulsory Insurance," which is China's first compulsory insurance system implemented by national law. Its premium is subject to a nationwide unified charging standard, stipulated by the state, but the price of compulsory insurance varies for different car models, with the main influencing factor being the "number of car seats." Claims: The compulsory liability insurance referred to in these regulations means that the insurance company compensates for personal injury, death, or property loss of victims other than the vehicle's personnel and the insured within the liability limits in the event of a road traffic accident caused by the insured motor vehicle.