What Does Motorcycle Commercial Insurance Cover?

[VanGabriel]

Specifically, it includes compulsory traffic insurance, motorcycle damage insurance, third-party liability insurance, theft insurance, passenger seat liability insurance, spontaneous combustion insurance, scratch insurance, etc. Below are the relevant introductions: Motorcycle Damage Insurance: Refers to compensation provided by the insurer according to the insurance contract when the insured motorcycle suffers losses due to natural disasters (excluding earthquakes) or accidents within the scope of insurance coverage. Third-Party Liability Insurance: In the past, most local governments listed third-party liability insurance as a compulsory insurance type. Without this insurance, motor vehicles could not be licensed or undergo annual inspections. After the introduction of Compulsory Traffic Accident Liability Insurance (commonly known as compulsory insurance), third-party liability insurance has become non-compulsory. Theft Insurance: If the motorcycle is always parked in a reliable and safe parking lot during use, and there are no particularly secluded sections on the commute route, you might consider not purchasing theft insurance. However, if your motorcycle is a very common model with a high theft rate, it is essential to have theft insurance.