What Does the New Compulsory Insurance Regulation for Motorcycles Cover?

[MacCharles]

Under the new compulsory insurance regulation for motorcycles, the compensation from compulsory insurance is not for the insured vehicle, the driver, or the policyholder, but rather for third-party victims who suffer personal injuries, fatalities, or property damage due to an accident. The insurance company will provide compensation within the compulsory insurance limit based on the actual circumstances. Death and disability expenses: These generally include funeral expenses, death compensation, disability compensation, disability aid equipment costs, nursing fees, rehabilitation fees, transportation fees, lost wages, accommodation fees, etc. Medical expenses: These include diagnosis fees, medication fees, hospitalization fees, inpatient meal subsidies, etc. Property damage compensation: This generally covers direct property losses and indirect property losses.