What Insurance is Needed for Full Payment Car Purchase?

1 Answers
EvelynLee
07/25/25 4:40pm
For a full payment car purchase, it is mandatory to buy compulsory traffic insurance, vehicle damage insurance, and third-party liability insurance. Additionally, insurances like spontaneous combustion insurance, vehicle theft insurance, and water damage insurance can be purchased based on personal needs. Below are the considerations for purchasing car insurance: 1. Purchase Channels: Pay attention to choosing the right purchase channels. Select insurance companies with legal qualifications and agents who have professional qualification certificates, practice licenses, and formal agency contracts with insurance companies. 2. Consider Personal Needs: Pay attention to selecting insurance products that suit your actual needs and fully understand the terms and conditions of motor vehicle insurance. 3. Important Documents Usage: Pay attention to the use and safekeeping of important insurance documents, fulfill the obligation of truthful disclosure, pay insurance premiums on time, and agree with the insurance company on the method for resolving contract disputes.
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