What Insurance Must You Buy for Vehicle Inspection?
1 Answers
Vehicle inspection requires compulsory traffic insurance. Below is a detailed introduction to auto insurance: 1. Compulsory Traffic Insurance: This is a legally mandated insurance that every vehicle owner must purchase. It provides the most basic insurance claims when a traffic accident occurs. In the event of an accident, compulsory traffic insurance helps the owner cover economic compensation that would otherwise be difficult to pay. The compensation amount is determined based on the owner's liability proportion in the accident and whether it caused casualties. 2. Vehicle Damage Insurance: This insurance covers damage to the insured vehicle caused by an accident while being driven by the policyholder or an authorized driver. The insurance company will compensate within reasonable limits. The premium for vehicle damage insurance is closely related to the vehicle's purchase price and the number of seats. 3. Third-Party Liability Insurance: This insurance covers compensation for bodily injury or direct property damage to a third party (excluding the driver and passengers of the insured vehicle) caused by an accident. The insurance company will compensate according to regulations. 4. Comprehensive Theft Insurance: This insurance provides compensation for vehicle losses due to theft or robbery. After a theft incident, if the public security authorities file a case and fail to locate the vehicle within 60 days, the owner must provide documents such as the vehicle registration certificate, vehicle license, and purchase invoice to prove the vehicle's origin and legality to claim the compensation.
