What Insurance Does a Car Need to Purchase?

[OAnnie]

Car insurance that needs to be purchased includes the following: 1. Compulsory Traffic Accident Liability Insurance (CTPL). As a mandatory insurance required by the state, CTPL is provided by insurance companies to compensate for personal injuries, fatalities, and property losses (excluding passengers in the insured vehicle and the insured) caused by road traffic accidents involving the insured vehicle, within the liability limits. 2. Vehicle Damage Insurance. Repair costs covered under Vehicle Damage Insurance are borne by the insurance company. 3. Third-Party Liability Insurance. Collisions involving pedestrians, private property, damage to third-party vehicles, or public property fall under the coverage of Third-Party Liability Insurance. 4. No-Deductible Insurance. No-Deductible Insurance acts as a 'supplementary coverage.' In the event of an accident, there is a deductible amount, which is the portion the car owner must pay out of pocket.