What Insurance is Good for a Family Car?
1 Answers
For a family car, the insurance options include compulsory traffic insurance, commercial third-party liability insurance, vehicle damage insurance, passenger liability insurance, and the special clause for non-deductible rates. Below is an introduction to the relevant content: 1. Compulsory Traffic Insurance: The full name of compulsory traffic insurance is 'Motor Vehicle Traffic Accident Liability Compulsory Insurance.' It is a mandatory liability insurance where the insurance company compensates for personal injuries, deaths, and property losses of victims caused by road traffic accidents involving the insured motor vehicle, within the liability limits. 2. Commercial Third-Party Liability Insurance: Commercial third-party liability insurance refers to the situation where the insured or their legally permitted driver causes an accident while using the insured vehicle, resulting in personal injury, death, or direct property damage to a third party. The insurance company is responsible for compensating the economic liability that the insured is legally obligated to bear. 3. Vehicle Damage Insurance: Vehicle damage insurance is a type of commercial auto insurance where the insurance company compensates for damage to the insured vehicle caused by an accident while the insured or their permitted driver is operating the insured vehicle, within reasonable limits.
