What are the mandatory car insurances to purchase?
1 Answers
The mandatory insurance for a new car is compulsory traffic insurance (CTI). Driving without CTI is illegal, and it also prevents vehicle registration and annual inspection. If caught by traffic police, the vehicle may be impounded, and a fine may be imposed. Below is more information about car insurance: Categories: Car insurance is mainly divided into two types: compulsory traffic insurance and commercial insurance. Commercial insurance: Commercial insurance can be further categorized into primary insurance and additional insurance. Primary insurance includes vehicle damage insurance, third-party liability insurance, passenger liability insurance, and theft insurance. Additional insurance covers glass insurance, scratch insurance, water damage insurance, spontaneous combustion insurance, and no-deductible insurance, among others.