What Does Passenger Liability Insurance Mean, and Do I Need to Purchase It?
1 Answers
Passenger liability insurance is one of the main types of commercial vehicle insurance, and the owner can decide whether to purchase it based on their needs. Below is some information about passenger liability insurance: 1. Definition: Passenger liability insurance, also known as seat insurance, covers accidental incidents involving the insured vehicle that result in injuries or fatalities to the driver or passengers. The insurance company will provide compensation according to the terms of the passenger liability insurance policy. 2. Features: When purchasing seat insurance, you can choose the coverage based on your needs and consider your actual circumstances. Seat insurance is a mandatory industry requirement for vehicles engaged in passenger transport and is a highly necessary insurance beyond compulsory traffic insurance. Seat insurance is divided into 20 tiers, and the higher the coverage, the greater the potential compensation.