What are the types of insurance for commercial vehicles?
1 Answers
Motor vehicle insurance generally includes compulsory traffic insurance, commercial insurance (which in turn consists of basic insurance and additional insurance), third-party liability insurance, passenger liability insurance, and theft insurance. Extended information: Auto insurance: Motor vehicle insurance, also known as auto insurance (abbreviated as car insurance), refers to a type of commercial insurance that covers liability for personal injury or property damage caused by natural disasters or accidents involving motor vehicles. Insurance types: Motor vehicle insurance, or "auto insurance", is a type of transport vehicle insurance that covers the vehicle itself and its third-party liability, among other things. The insured clients are mainly legal entities and individuals who own various types of motor vehicles; the insured objects are mainly various types of cars, but also include special vehicles such as electric vehicles, battery-powered vehicles, and motorcycles.