Is it necessary to renew the insurance at the 4S store in the second year?
1 Answers
It is not mandatory to renew the insurance at the 4S store in the second year; the car owner can choose freely. Below is a detailed introduction to car insurance: 1. Compulsory Traffic Insurance: This is a legally required insurance that every car owner must purchase. It provides the most basic insurance coverage in the event of a traffic accident. If an accident occurs, compulsory traffic insurance can help the owner cover economic compensation that would otherwise be difficult to pay. The compensation amount is determined based on the owner's proportion of responsibility in the accident and whether it resulted in personal injury or death. 2. Vehicle Damage Insurance: This insurance covers damage to the insured vehicle caused by an accident while being driven by the insured or an authorized driver. The insurance company will provide compensation within reasonable limits. The premium for vehicle damage insurance is closely related to the purchase price of the car and the number of seats. 3. Third-Party Liability Insurance: This insurance covers compensation for bodily injury or direct property damage to a third party (excluding the driver and passengers of the insured vehicle) caused by an accident. The insurance company will provide compensation according to regulations. 4. Comprehensive Theft Insurance: This insurance provides compensation for vehicle losses due to theft or robbery. In the event of a theft or robbery, if the vehicle is not recovered within 60 days after the public security authorities file the case, the owner must provide documents such as the vehicle registration certificate, driving license, and purchase invoice to prove the vehicle's origin and legality in order to receive the compensation.
