What Does Compulsory Insurance for Motorcycles Cover?
2 Answers
Compulsory insurance for motorcycles provides the same coverage as compulsory insurance for private cars. It mainly covers the personal injury, death, and property losses of victims (excluding the insured and passengers of the insured vehicle) caused by an insured accident. The insurance company will compensate within the specified limits, including compensation for death and disability expenses, medical expenses, and property losses. The following is additional information: The national "Motorcycle to the Countryside" policy is an important decision to promote consumption, stimulate domestic demand, and respond to the international financial crisis, as well as a significant project to benefit and strengthen agriculture. Insurance regulatory bureaus and insurance companies should enhance their understanding, attach great importance to it, and fully recognize the role of compulsory insurance for motorcycles in ensuring the smooth implementation of the "Motorcycle to the Countryside" initiative. It plays a crucial role in promoting road traffic safety. Efforts should be made to strengthen the promotion of the compulsory insurance system for motorcycles, coordinate with the "Motorcycle to the Countryside" policy, and ensure the smooth implementation of the compulsory insurance system for motorcycles.
I've been riding motorcycles for over a decade. Compulsory traffic insurance mainly covers compensation for others in case of an accident. If you accidentally hit someone while riding, the insurance company will compensate for the other party's losses, which is divided into three parts: first, death or disability compensation, with a maximum payout of several hundred thousand; second, medical expenses, covering emergency and follow-up treatment costs; and third, property damage such as vehicle repairs or compensation for damaged items. However, it does not cover your own injuries or damage to the motorcycle itself, for which you need to purchase additional insurance. This is a legal requirement that all vehicle owners must fulfill before hitting the road, otherwise, traffic police may impose fines or even impound the vehicle. The premium is affordable yet ensures everyone's safety, so it's advisable to regularly check if your policy is valid and renewed.
