What Insurance Is Generally Enough for a Car?
1 Answers
It is mandatory to purchase compulsory traffic insurance for a car. As for commercial insurance, it depends on the owner's willingness. Among commercial insurances, it is highly recommended to purchase third-party liability insurance and vehicle damage insurance. Related introductions are as follows: Compulsory Traffic Insurance: This is an insurance mandated by the state, and failure to purchase it may result in fines if caught by traffic police. Third-Party Liability Insurance: It is used to compensate for losses caused by the owner to third-party personal injuries or deaths. Vehicle Damage Insurance: Used to compensate for the vehicle's own losses caused by natural disasters and accidents. No-Deductible Insurance: An additional insurance that transfers the owner's liability to the insurance company, reducing the owner's losses. If both vehicle damage insurance and third-party liability insurance are purchased, it is also advisable to purchase no-deductible insurance.