What Insurance Do You Need to Pay When Buying a Car?
1 Answers
Insurance required when buying a car: 1. Compulsory Traffic Insurance: The insurance company compensates for personal injury, death, and property loss of victims caused by road traffic accidents of the insured motor vehicle within the liability limit; 2. Passenger Liability Insurance: Responsible for compensating for personal injury to specified seat occupants caused by the vehicle's liability; 3. Third-Party Liability Insurance: Refers to compensation by the insurance company for personal injury, death, and direct property damage suffered by a third party due to an accident caused by the insured or a qualified driver permitted by the insured while using the vehicle; 4. Vehicle Damage Insurance: Refers to compensation by the insurer for the vehicle's own loss caused by natural disasters or accidents within the scope of insurance liability, according to the provisions of the insurance contract.