What Insurance Do You Need to Buy for a Used Car?
1 Answers
Used cars require the following types of insurance and related introductions: Compulsory Traffic Insurance: This is a mandatory insurance required by the state, providing basic protection for car owners. Only after purchasing this insurance can the used vehicle be driven on the road and undergo annual inspections. Third-Party Liability Insurance: This insurance covers the losses of the other party if you cause an accident while driving. Vehicle Damage Insurance: This insurance covers the losses to your own vehicle in case of natural disasters or collisions. Passenger Liability Insurance: This insurance covers the medical expenses or losses of passengers in your vehicle if they are injured in an accident.