What are the three essential insurances for a car?
2 Answers
Here is a detailed introduction to the three essential insurances for a car: 1. Compulsory Traffic Accident Liability Insurance (CTPL): The first insurance to purchase for a car is CTPL, and the law also mandates that this insurance must be obtained when buying a car. Otherwise, new drivers cannot register their cars, and experienced drivers cannot drive on the road. Driving without CTPL can result in severe penalties. 2. Third-Party Liability Insurance: Third-Party Liability Insurance primarily covers the compensation for personal injuries or direct property damage caused to others in accidents involving the insured car. Accidents are the last thing anyone wants during driving, as they not only damage your beloved car but also require a significant amount of money to compensate others. 3. Vehicle Damage Insurance: Commonly referred to as comprehensive car insurance, this insurance differs from vehicle downtime loss insurance. It covers the losses incurred by the insured car due to natural disasters or accidents within the scope of insurance liability. However, it does not include losses caused by earthquakes.
When I first bought my car, I spent several days researching insurance and found that compulsory traffic insurance is unavoidable—it's mandatory by law. Additionally, third-party liability insurance is particularly important. With so many luxury cars on the road these days, hitting a Bentley or Rolls-Royce without this coverage could bankrupt you. Finally, there's vehicle damage insurance. For someone like me with less-than-perfect parking skills, it covers incidents like tree branches falling on the car in the neighborhood or scraping the wall while reversing. These three insurances basically cover the main risks you might encounter while driving. I recommend that new drivers max out their coverage when buying insurance—it only costs a few hundred yuan more per year but can save you tens of thousands in repair costs if something happens.
