What are the must-have car insurances?
2 Answers
Must-have vehicle insurances include third-party liability insurance, vehicle damage insurance, vehicle theft rescue, and vehicle occupant liability insurance. Below is an introduction to car insurance: 1. Third-party liability insurance: This is the insurance that provides the highest compensation from the insurance company if the owner hits someone; 2. Vehicle damage insurance: Vehicle damage insurance compensates the owner according to a specified proportion when the new car is involved in accidents such as collisions or frictions. Below is extended information about vehicle insurance: 1. Vehicle insurance: Vehicle insurance, also known as motor vehicle insurance or simply car insurance, refers to a type of commercial insurance that covers personal injury or property damage caused by natural disasters or accidents involving motor vehicles; 2. Car insurance: Car insurance is a type of property insurance. In the field of property insurance, car insurance is a relatively young category, as it emerged and developed alongside the appearance and popularization of automobiles.
Having driven for over a decade, I believe car insurance shouldn't be purchased carelessly but must cover the essentials. Compulsory traffic insurance is mandatory - driving without it is illegal. For third-party liability insurance, I recommend coverage of at least 1 million yuan, given the number of luxury cars on the roads today; a minor scrape could be financially devastating. Vehicle damage insurance is particularly crucial, especially for new or more expensive cars, as repair costs can easily run into tens of thousands - having insurance provides much-needed peace of mind. The no-deductible clause is now included in vehicle damage insurance, so there's no need to purchase it separately. I typically opt for basic coverage for passenger liability insurance, which covers medical expenses if family or friends get injured while riding in the car. Other options like glass or scratch insurance I generally skip, unless you live by the sea or in a neighborhood with many mischievous children. Finally, remember not to delay renewing your policy - driving uninsured means paying out of pocket for any accidents.
