Is there compulsory traffic insurance for motorcycles?
1 Answers
Motorcycles have compulsory traffic insurance, and it is mandatory to purchase it. Motorcycle compulsory traffic insurance primarily covers the personal injury, death, and property losses of victims caused by traffic accidents involving motorcycles, providing compensation within the liability limits. The victims here do not include the insured and the motorcycle riders. If a motorcycle does not have compulsory traffic insurance, traffic police have the authority to impound the motorcycle and will notify the owner or manager of the vehicle to purchase the insurance as required by regulations. In addition, the owner will be penalized with a fine of twice the insurance premium. The insurance period for compulsory traffic insurance is at least one year, but there are exceptions for less than a year, which are special cases. There are four situations where short-term compulsory traffic insurance for less than one year can be purchased: first, temporary entry of foreign motor vehicles; second, temporary road use of motor vehicles; third, when the motor vehicle is less than one year away from being scrapped; and fourth, other vehicle types specified by the insurance regulatory authority. Apart from these, all other situations require the purchase of compulsory traffic insurance.
