How Long is the Grace Period for Car Insurance Lapse?

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If a car is idle and not in use, there is no so-called grace period for insurance lapse; however, for vehicles on the road, insurance must be renewed as soon as possible before the lapse to avoid affecting annual inspections and other protections. Below is more information about car insurance: Definition: Car insurance is a type of commercial insurance that covers liability for personal injury or property damage caused by natural disasters or accidents involving motor vehicles. Compulsory Traffic Insurance: Compulsory traffic insurance is a mandatory national insurance that every vehicle owner must purchase. If this insurance is not purchased and the vehicle is driven, it may be impounded (until the insurance is obtained and displayed in the designated location), with fines and penalty points imposed. Compulsory traffic insurance mainly covers personal injury and property damage to victims (excluding the vehicle's occupants and the insured) in traffic accidents. However, the compensation limits of compulsory traffic insurance are limited and may not cover large-scale personal injury accidents.