How Often Should New Motorcycle Insurance Be Paid?

[JoshuaFitz]

New motorcycle compulsory insurance (traffic accident liability compulsory insurance) is paid annually. Below are the specific details for purchasing compulsory insurance: Materials: Personal ID documents; vehicle registration documents; for official vehicles, an organization code certificate is also required; if delegated, the agent's ID documents; driving license. Policyholder Regulations: According to the compulsory insurance regulations, all owners or managers of motor vehicles driving on roads within the territory of the People's Republic of China must purchase compulsory insurance. The policyholder can be the vehicle owner themselves or the manager of the motor vehicle. No one else besides these two can act as the compulsory insurance policyholder. Purpose: The purpose of compulsory insurance is to provide coverage in the event of an insured accident involving the insured vehicle, resulting in personal injury, death, or property loss to the victim (excluding passengers in the vehicle and the insured), in which case the insurance company can settle the claim within the liability limits.