Is the Insurance for Commercial-to-Private Vehicles the Same as for Private Cars?
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Is the Insurance for Commercial-to-Private Vehicles the Same as for Private Cars? The insurance for commercial-to-private vehicles is the same as for private cars. Below is a partial introduction to auto insurance: Components: Auto insurance generally consists of two parts: basic insurance and additional insurance. Basic insurance is further divided into vehicle damage insurance and third-party liability insurance. Coverage details: Vehicle damage insurance provides compensation for the loss of your own vehicle; third-party liability insurance covers damages to targets outside your own vehicle, such as people and public property you hit, the other party's car, etc.; passenger liability insurance compensates for personal and property losses on your own vehicle; theft insurance provides compensation when your own vehicle is stolen; no-deductible coverage ensures 100% compensation in case of an accident.