How to Buy First-Year Insurance for Used Cars?
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Used car first-year insurance purchase options are as follows: Compulsory Traffic Insurance: When registering a new car, in addition to paying various taxes, it is mandatory to purchase compulsory traffic insurance as required by national regulations. Third-Party Liability Insurance: Under the third-party liability insurance clause, if you collide with another vehicle while driving, the insurance company will compensate for the other party's losses. Vehicle Damage Insurance: Under the vehicle damage insurance clause, if your car suffers damage from natural disasters or collisions, the insurance company will compensate for your vehicle's losses. Passenger Liability Insurance: Motor vehicle passenger liability insurance covers injuries to passengers in your car during an accident, with the insurance company compensating for their losses. No-Deductible Coverage: Insurance companies typically set a deductible rate, meaning the customer must bear a portion of the loss. To receive full compensation from the company, you need to purchase no-deductible coverage.