What are the categories of commercial vehicle insurance?
2 Answers
Commercial vehicle insurance includes third-party liability insurance, theft insurance, passenger liability insurance, vehicle damage insurance, scratch damage insurance, spontaneous combustion insurance, no-deductible insurance, compulsory traffic insurance, and glass breakage insurance. Below is a related introduction to commercial vehicle insurance: Commercial vehicle insurance cancellation: The vehicle's insurance policy must be valid. Additionally, during the validity period of the insurance policy, if the vehicle has not filed a claim or reported to the insurance company, it can be canceled. Vehicles that have received compensation from the insurance company cannot be canceled; vehicles that have only reported to the insurance company but have not received compensation also cannot be canceled. Materials required for cancellation: Cancellation application form, original insurance policy (if the policy is lost, it must be reissued beforehand), insurance premium invoice, and the insured's identity proof.
The options for commercial vehicle insurance are quite diverse, and over the years of driving, I've figured out quite a few tricks. There are three basic types: collision insurance covers your own car's repair costs, third-party liability insurance is the most crucial—it helps pay for medical expenses and property damage if you hit someone. Passenger liability insurance is also practical, especially if you often carry family or friends. Theft insurance is suitable for new cars parked on the street. Additional coverage like glass insurance or scratch insurance depends on personal needs—I always add a no-deductible clause so I don’t have to pay out of pocket during claims. Every year at renewal, I reassess; for example, I skip comprehensive coverage for older cars but make sure to include flood insurance for new ones.
