How to Pay for Compulsory Insurance?
1 Answers
There are several channels for paying the compulsory traffic insurance: business outlets of major insurance companies, automobile 4S shops, auto insurance intermediaries, auto insurance agents, etc. Each channel has its own advantages and disadvantages, and car owners can determine the payment channel for compulsory insurance based on their own needs. Here is a related introduction to vehicle compulsory insurance: 1. Definition: Vehicle compulsory insurance, also known as the Compulsory Traffic Accident Liability Insurance for Motor Vehicles (hereinafter referred to as "compulsory insurance"), which was implemented on July 1, 2006, is the first compulsory insurance system implemented by national law. The "Regulations on Compulsory Traffic Accident Liability Insurance for Motor Vehicles" (hereinafter referred to as the "Regulations") stipulate that compulsory insurance is a mandatory liability insurance where the insurance company compensates for personal injury, death, and property losses (excluding the vehicle personnel and the insured) caused by road traffic accidents of the insured motor vehicle within the liability limit. 2. Reasons for paying compulsory traffic insurance at insurance companies: Insurance companies generally have a good brand image and are safe and reliable. Once claims services are needed, direct services can be obtained without going through intermediaries. In addition, when purchasing compulsory insurance at insurance companies, car owners can also learn about commercial insurance products and purchase commercial auto insurance at the same time.
