What Car Insurance Should You Buy?
1 Answers
Purchase compulsory traffic insurance for your car. Below is relevant information about vehicle insurance: 1. Introduction: Vehicle insurance, also known as motor vehicle insurance, is referred to as auto insurance. 2. Categories: Commercial insurance is an indefinite value insurance, divided into basic insurance and additional insurance, where additional insurance cannot be purchased independently. Basic insurance includes third-party liability insurance and vehicle damage insurance (comprehensive coverage); additional insurance includes total vehicle theft insurance (theft coverage), on-board liability insurance, no-fault liability insurance, cargo dropping liability insurance, standalone glass breakage insurance, vehicle downtime loss insurance, spontaneous combustion insurance, new equipment loss insurance, and deductible waiver insurance. Compulsory traffic insurance (i.e., compulsory motor vehicle traffic accident liability insurance) also falls under the broad category of third-party liability insurance. Compulsory traffic insurance is mandatory, and motor vehicles must purchase it to be allowed on the road, pass annual inspections, and be registered. Moreover, in the event of third-party losses requiring claims, compulsory traffic insurance must be paid out first before other insurance types.
