Is it the same to renew car insurance after it has lapsed?
1 Answers
Renewing car insurance after it has lapsed is generally the same. Below is an introduction to car insurance: 1. Overview: Motor vehicle insurance refers to a type of commercial insurance that provides compensation for personal injuries or property damage caused by natural disasters or accidents involving motor vehicles. 2. Coverage: The policyholders mainly include legal entities and individuals who own various motor vehicles; the insured objects primarily consist of different types of cars, but also include specialized vehicles such as electric cars, battery-powered vehicles, and motorcycles. 3. Definition: Car insurance, also known as motor vehicle insurance, is a commercial insurance that compensates for personal injuries or property damage caused by natural disasters or accidents involving motor vehicles.