What Documents Are Needed to Purchase Compulsory Traffic Insurance for a Motorcycle?
1 Answers
Motorcycle compulsory traffic insurance must be processed at the traffic police station, vehicle management office, or insurance company business hall. The documents required for purchasing motorcycle compulsory traffic insurance include: 1. The driving license and vehicle registration certificate of the insured motorcycle; 2. The ID card of the insured; 3. The original copy of the previous year's compulsory traffic insurance. Below is relevant information about compulsory traffic insurance: 1. Introduction: The full name of compulsory traffic insurance is "Compulsory Motor Vehicle Traffic Accident Liability Insurance." It is a mandatory liability insurance where the insurance company compensates for personal injuries, deaths, and property losses (excluding the driver and passengers of the insured vehicle) caused by road traffic accidents involving the insured motor vehicle, within the liability limits. 2. Coverage: Compared to the more than 20 exemption clauses in commercial third-party liability insurance, compulsory traffic insurance has fewer exemptions, covering "losses caused intentionally by the victim," "property losses of the insured," "related arbitration and litigation costs," and certain indirect losses caused by accidents, providing much broader coverage. Moreover, regardless of whether the insured vehicle is at fault in the accident, compulsory traffic insurance will compensate within the liability limits, with no deductible or exemption rate.
