Is it mandatory to purchase comprehensive insurance for the first year when buying a new car?
1 Answers
It is not mandatory to purchase comprehensive insurance for the first year when buying a new car. There are no regulations requiring comprehensive insurance; the only compulsory purchase is compulsory traffic insurance and the payment of vehicle and vessel tax. However, other commercial insurances are not mandatory. New car owners may opt for comprehensive insurance in the first year to protect their vehicles, often entrusting 4S shops to handle it. Below is a detailed introduction to commercial vehicle insurances: 1. Vehicle Damage Insurance: Covers losses caused by natural disasters and accidents, recommended for new drivers. 2. Third-Party Liability Insurance: Covers losses due to third-party injuries or deaths caused by the owner, a must-have for protection. 3. No-Deductible Insurance: An add-on that transfers the owner's liability to the insurance company, reducing losses; recommended if both Vehicle Damage and Third-Party Liability insurances are purchased. 4. Theft and Robbery Insurance: Covers damages from vehicle theft or robbery, recommended for owners without garages. 5. Passenger Liability Insurance: Covers losses of drivers and passengers due to accidents, usually charged per seat; recommended for new drivers or family vehicles. 6. Spontaneous Combustion Insurance: Covers losses from fires caused by vehicle electrical or wiring issues, suitable for older vehicles. 7. Glass Breakage Insurance: Covers separate breakage of windshield or window glass; recommended for vehicles frequently in unsafe areas due to high replacement costs. 8. Scratch Damage Insurance: Covers losses from intentional, malicious, or accidental scratches.
