Is the Insurance Sticker Still Required in 2020?
1 Answers
If the electronic insurance policy has been officially implemented locally, the insurance sticker is no longer required. Below is relevant information about auto insurance: 1. Compulsory Traffic Insurance (CTI): A mandatory national auto insurance that provides coverage for the other party's property and personal safety. 2. Special Clause for Non-Deductible Coverage: The most important aspect of this insurance is the absolute deductible rate. 3. Vehicle Damage Insurance: This insurance mainly covers the vehicle. If the car is involved in an accident or suffers damage due to natural disasters, these losses can be compensated by the insurance company through vehicle damage insurance. 4. Third-Party Liability Insurance: This insurance primarily covers the personal injuries and property losses of third parties in traffic accidents. To supplement the coverage limit of CTI, a comprehensive third-party liability insurance is necessary.