Is it okay not to buy insurance for a new motorcycle in the second year?
1 Answers
Insurance must be purchased in the first year because it is required for obtaining the vehicle license and registration. If insurance is not purchased in the second year, you will be fully liable for any accidents without the possibility of claims. Motorcycle Compulsory Insurance: Motorcycles are also motor vehicles, and compulsory insurance is mandatory by the state. The so-called compulsory insurance refers to when the insured motorcycle causes personal injury, death, or property loss to others in a road traffic accident, the insurance company compensates the other party, but it does not cover the loss of your own vehicle or personal injury. Motorcycle Commercial Insurance: Commercial vehicle insurance includes primary insurance and additional insurance. Choose according to your actual needs.