You should buy accident insurance for a new car. For car owners, it is essential to not only purchase personal accident insurance but also secure appropriate vehicle insurance. It is important to understand that drivers face risks of accidents while driving, and the vehicle itself is also exposed to various unforeseen incidents such as scratches and collisions. In the event of an accident, it can lead to vehicle damage, financial losses, or even a significant financial burden. Compulsory Traffic Accident Liability Insurance: Compulsory insurance, mandated by law, is a must-have for all vehicle owners. It covers the insured vehicle in the event of a road traffic accident that causes bodily injury, death, or property damage to victims (excluding passengers in the insured vehicle and the insured person). Driving without compulsory insurance is illegal and carries legal liabilities. Third-Party Liability Insurance: Third-party liability insurance covers the insured or an authorized driver for bodily injury, death, or direct property damage caused to a third party while using the insured vehicle. It serves as a supplement to compulsory insurance, covering amounts that exceed the compulsory insurance payout. Vehicle Damage Insurance: Vehicle damage insurance covers the insured or an authorized driver for damages to the insured vehicle's body and its components resulting from an accident while driving. No-Deductible Coverage: No-deductible coverage is an add-on to commercial insurance and cannot be purchased separately. It is only available as an addition to primary insurance policies such as vehicle damage insurance or third-party liability insurance.
