What Car Insurance Must Be Purchased?
1 Answers
Car insurance must include compulsory traffic insurance. The full name of compulsory traffic insurance is Motor Vehicle Traffic Accident Liability Compulsory Insurance, which is mandatory by the state and required for vehicles to be on the road. Below is a detailed introduction to purchasing car insurance: 1. Vehicle Damage Insurance: This insurance covers the loss of your own vehicle. Since minor collisions are inevitable while driving, it is advisable to purchase this coverage. 2. Third-Party Liability Insurance: This insurance primarily covers the bodily injury and property damage of third parties involved in a traffic accident. 3. Passenger and Driver Liability Insurance: This covers passengers and the driver in the vehicle, with some overlap in coverage with accident insurance. 4. No-Deductible Insurance: This is a special clause for no-deductible coverage, serving as an additional insurance policy.