How to Buy Commercial Insurance for Used Cars?
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In general, it is advisable to purchase compulsory traffic insurance, third-party liability insurance, passenger liability insurance, and no-deductible insurance. Currently, there are various ways to purchase auto insurance: you can choose to buy directly from an insurance company, purchase online, or buy insurance over the phone. The following is an introduction to commercial insurance: 1. Introduction: Commercial insurance refers to a profit-oriented form of insurance operated through the establishment of an insurance contract. Under commercial insurance, the policyholder pays premiums to the insurance company according to the contract terms, and the insurance company assumes the responsibility to compensate for property losses caused by potential accidents specified in the contract or to pay insurance benefits when the insured suffers an accident or reaches the agreed age or term. 2. Insurance Features: The subjects of commercial insurance can be people or property (including tangible and intangible), with specific coverage including human life and body, property, related interests, liabilities, credit, etc. The operation of commercial insurance aims at profitability and seeks to maximize profits to ensure that the insured enjoys the highest level of economic protection.
