How to Purchase Compulsory Insurance for Vehicles?
2 Answers
Compulsory insurance for vehicles must be purchased from an insurance company. Here is some extended information about compulsory insurance: 1. Definition: Compulsory insurance refers to the Compulsory Traffic Accident Liability Insurance for Motor Vehicles. It means that when an insured vehicle is involved in a traffic accident, the insurance company will provide monetary compensation to the victims for personal injuries and economic losses caused by the accident. It is important to note that the beneficiaries of this insurance do not include the occupants of the vehicle or the insured person. 2. Precautions: Compulsory insurance is a service contract between the vehicle owner and the insurance company. If it expires for even one day, the contract is terminated and no longer has legal effect. After expiration, it is necessary to renew the insurance as soon as possible. As long as the lapse in coverage does not exceed three months, you can still enjoy discounts.
Buying compulsory vehicle insurance is actually quite simple. When I did it for the first time, I went directly to a major insurance company nearby, such as PICC or Ping An. Just bring your vehicle registration certificate and ID card, and the staff will help you fill out the forms and calculate the cost. Nowadays, it's also very convenient online—you can handle it through Alipay or WeChat mini-programs. Just search for the entry, complete the process in a few minutes, and the policy will be sent to your email. Remember to compare prices on car insurance platforms before buying, as there are sometimes discount promotions that can save you money. If you're worried about the hassle, you can also go to an agency at the vehicle management office, but it's best to confirm the policy details on the spot to avoid mistakes. Compulsory insurance is required by law, and if you don't buy it, you'll face fines and points deducted from your license. Plus, without it, you won't be able to compensate the other party in case of an accident, so don't procrastinate—get it done quickly. Safety comes first when driving, and this insurance is the most basic protection you can have.
