What are the normal car insurance coverages?
1 Answers
Normal car insurance covers vehicle damage insurance and liability insurance. It is highly recommended for car owners to purchase "third-party liability insurance." Generally, car owners will opt for "vehicle damage insurance" and "theft insurance." Other types of insurance can be purchased based on specific circumstances. The following four car insurance combinations are the most common: 1. Comprehensive Type: Compulsory traffic insurance + Commercial third-party liability insurance (300,000) + Vehicle damage insurance + Passenger liability insurance + Theft insurance + Glass breakage insurance + No-deductible special clause + Body scratch loss insurance; suitable for owners who need comprehensive coverage. 2. Conventional Type: Compulsory traffic insurance + Commercial third-party liability insurance (200,000) + Vehicle damage insurance + Passenger liability insurance + Theft insurance + No-deductible special clause; suitable for vehicles parked in long-term fixed parking areas with supervision, as well as for owners with some driving experience who are willing to bear part of the risk. 3. Economy Type: Compulsory traffic insurance + Commercial third-party liability insurance (100,000) + Vehicle damage insurance + No-deductible special clause; suitable for owners who have used their vehicles for a long time and have proficient driving skills, willing to bear most of the risk. 4. Risk Type: Compulsory traffic insurance only compensates for third parties (the injured party) in an accident, with a maximum compensation of 110,000 yuan for personal injury or death, 10,000 yuan for hospitalization, and 2,000 yuan for property damage. Damage to or theft of one's own vehicle must be borne by the owner.