What does third-party insurance for vehicles mean?

[ElijahMarie]

Third-party insurance in vehicle insurance refers to third-party liability insurance, which is a type of insurance that compensates for damages to persons or property other than the insured vehicle's occupants in the event of an accidental traffic accident. Below is an introduction to the relevant aspects of purchasing insurance: 1. Purchasing methods: Vehicle insurance can be reasonably purchased according to the owner's needs, either at a 4S shop or elsewhere. 2. Buying a car with a loan: Generally, when purchasing a car with a loan, insurance must be bought at the dealership, and a certain renewal deposit may also be charged. 3. Compulsory traffic insurance: This is a mandatory insurance in China, and all vehicles must purchase this type of insurance. 4. Insurance coverage: If the vehicle involved in an accident is covered by compulsory third-party liability insurance for motor vehicles, the insurance company will pay the rescue expenses within the liability limit.