Is New Energy Vehicle Insurance the Same as Fuel Vehicle Insurance?

[LeDelaney]

Electric vehicle insurance is certainly similar to regular fuel vehicle insurance, but there are certain differences in the purchasing process, policies, and coverage scope. Below is relevant information about compulsory traffic insurance: Introduction: The full name of compulsory traffic insurance is "Compulsory Traffic Accident Liability Insurance for Motor Vehicles." It is a mandatory liability insurance where the insurance company compensates for personal injuries, deaths, and property losses (excluding the vehicle's occupants and the insured) caused by road traffic accidents involving the insured motor vehicle, within the liability limits. Necessity: Compulsory traffic insurance ensures that victims of motor vehicle road traffic accidents receive compensation and promotes road traffic safety. It provides timely and basic protection for victims of traffic accidents.