Is There Insurance for New Cars?

[KayleeFitz]

Compulsory Traffic Insurance is required when purchasing a car. Here is detailed information about the relevant insurances: Vehicle Damage Insurance: Vehicle Damage Insurance refers to coverage where the insurer compensates for the loss of the insured vehicle caused by natural disasters (excluding earthquakes) or accidents within the scope of insurance liability, as stipulated in the insurance contract. Compulsory Traffic Insurance: Compulsory Traffic Insurance is a mandatory liability insurance where the insurance company compensates for personal injuries, deaths, or property losses of victims (excluding passengers in the insured vehicle and the insured) caused by road traffic accidents involving the insured motor vehicle, within the liability limits.