What are the mandatory insurances for sedans?
2 Answers
The mandatory insurances for sedans are as follows: 1. Compulsory Traffic Accident Liability Insurance (CTALI): CTALI is mandatory by the state, and without it, you cannot even get a license plate, so it must be purchased. However, due to the limited coverage and compensation of CTALI, supplementary commercial auto insurance is necessary. 2. Third-party Liability Insurance: This refers to the maximum amount the insurance company will pay in the event of an accident. It compensates for property damage and personal injuries caused to a third party, serving as a supplement to CTALI. 3. Vehicle Damage Insurance: While CTALI and Third-party Liability Insurance cover compensation for others, Vehicle Damage Insurance covers compensation for your own car. For example, repair costs incurred after an insured accident, including daily collisions, scratches, and damages caused by falling objects or various natural disasters, even losses incurred during ferry transport, as long as they fall within the coverage of Vehicle Damage Insurance, can be claimed. Moreover, the coverage of Vehicle Damage Insurance has become more extensive than before.
As an enthusiast who frequently researches cars, I believe the mandatory insurance for sedans is compulsory traffic insurance, commonly known as compulsory third-party liability insurance (CTPL). The state mandates that this must be purchased; otherwise, the vehicle cannot be driven legally, will fail annual inspections, and may incur fines. Its purpose is to cover the other party's medical expenses and damages in case of an accident—basic but essential coverage. Having driven many cars, I can say that going without it is as dangerous as driving without a seatbelt. By the way, while commercial insurance like third-party liability or comprehensive coverage isn't mandatory, I highly recommend opting for higher coverage limits. It can save you major headaches in case of accidents involving luxury cars or injuries. Always check your policy before driving to avoid last-minute panic. Compulsory insurance is a legal obligation—don’t risk it to save a few bucks. Ultimately, peace of mind on the road is what matters most.
