What Car Insurance Must You Buy?

[VonRosalie]

Only compulsory traffic insurance is mandatory for car insurance. Other recommended insurances include: 1. Vehicle Damage Insurance: For daily issues like scratches, the repair costs can be reimbursed by the insurance company. 2. Third-Party Liability Insurance: This type of insurance provides the most direct protection for those with less-than-stellar driving skills. In the event of an accident, whether it involves injury, death, or other property damage to a third party, the insurance company will compensate according to the corresponding amount. 3. No-Deductible Insurance: In many accidents, insurance companies have a 5-20% deductible rate. However, if the car owner purchases this type of insurance, all liabilities and amounts will be fully transferred to the insurance company, allowing the car owner to receive more compensation.