What are the must-have insurances for a new car?

[Louis]

There are mainly two types of must-have insurances for a new car. One is compulsory traffic insurance, which is required by the state; the other is commercial insurance, which is specifically divided into the following four types: 1. Third-party liability insurance: This insurance provides compensation for the non-involved party in a traffic accident. If such an accident occurs, compulsory traffic insurance usually covers very little, but with this insurance, the car owner doesn't have to pay much, directly reducing their financial burden. 2. Vehicle damage insurance: This insurance covers a wide range of damages, from minor scratches to severe vehicle damage, with repair costs reimbursed by the insurance company. 3. Special insurance for when a third party cannot be found: This insurance comes into play when the vehicle is damaged and the responsible party cannot be identified, with the insurance company covering 30% of the compensation. 4. No-deductible liability insurance: If you only have vehicle damage insurance and third-party liability insurance, you can only receive 80% of the loss in case of an accident. With this insurance, you can get full compensation from the insurance company.