What are the basic types of insurance to buy when purchasing a car?
1 Answers
When buying a car, there are basically four types of insurance to purchase: compulsory traffic insurance, third-party liability insurance, no-deductible insurance, and vehicle damage insurance. Below is a detailed introduction to the types of car insurance: 1. Compulsory Traffic Insurance: This is a mandatory insurance in China, and all vehicles must purchase this type of insurance. 2. Third-Party Liability Insurance: Since the compensation amount of compulsory traffic insurance is limited, purchasing third-party liability insurance can cover the part that exceeds the compensation limit of compulsory traffic insurance. 3. No-Deductible Insurance: This is an independent basic insurance type, while for cars, it is an additional optional insurance. 4. Vehicle Damage Insurance: Undoubtedly, vehicle damage insurance is the most comprehensive necessary insurance type. Whether the car suffers from collisions, scratches, water damage, etc., it can receive compensation from the insurance company.