Should I Renew the 3-Year Car Warranty After It Expires?
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Whether to renew the 3-year car warranty after it expires depends on the condition of your vehicle. If there are no issues with the engine or transmission, you may choose not to renew it. Below is a detailed introduction to car insurance options: 1. Compulsory Traffic Insurance: This is a mandatory insurance required by law for all vehicle owners. It provides basic coverage in case of traffic accidents, helping the owner cover economic compensation that may otherwise be difficult to pay. The compensation amount is determined based on the owner's liability in the accident and whether it resulted in injuries or fatalities. 2. Vehicle Damage Insurance: This insurance covers damage to the insured vehicle caused by an accident while being driven by the policyholder or an authorized driver. The insurance company will compensate within reasonable limits. The premium for this insurance is largely influenced by the vehicle's purchase price and the number of seats. 3. Third-Party Liability Insurance: This insurance covers compensation for bodily injuries or property damage caused to a third party (excluding the driver and passengers of the insured vehicle) in an accident, as per the insurance terms. 4. Comprehensive Theft Insurance: This insurance provides compensation for losses due to the theft or robbery of the entire vehicle. In the event of theft, if the vehicle is not recovered within 60 days after the police have filed a case, the policyholder must provide documents such as the vehicle registration certificate, driving license, and purchase invoice to prove the vehicle's origin and legality to claim the compensation.