What Insurance Policies Are Generally Required for Family Cars?
2 Answers
Family cars generally need to purchase compulsory traffic insurance, third-party liability insurance, and vehicle damage insurance. Below are the specific introductions to car insurance policies: 1. Compulsory Traffic Insurance: Compulsory traffic insurance is a legally mandated policy that every car owner must purchase. It provides the most basic insurance claims when a traffic accident occurs. In the event of an accident, compulsory traffic insurance can help the car owner cover difficult-to-pay economic compensations. The compensation amount is determined based on the car owner's liability proportion in the accident and whether it caused casualties. 2. Vehicle Damage Insurance: Vehicle damage insurance refers to a situation where the insured or their permitted driver causes an insured accident while driving, resulting in damage to the insured vehicle. The insurance company will provide compensation within a reasonable range. 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: Third-party liability insurance covers compensation for personal injuries or direct property damage to a third party (other than the driver and passengers of the insured vehicle) caused in an accident, as stipulated by the insurance company.
From my years of driving experience, car insurance for family vehicles is absolutely not something to be taken lightly. The most basic compulsory liability insurance must be purchased—it's mandatory by the state and covers compensation for injuries or property damage to others in case of an accident. Next is third-party liability insurance under commercial insurance, with a recommended coverage of over 1.5 million yuan, as urban road conditions are complex and can lead to costly injury compensations. Vehicle damage insurance is also very practical, protecting your own car from being unaffordable to repair if damaged. I also recommend theft insurance, especially for nighttime parking safety, along with additional riders like water damage insurance for heavy rain or spontaneous combustion insurance for aging vehicles at risk of fire. The annual premium of a few thousand yuan is far better than losing everything in one accident. Based on my personal experience, a rear-end collision was entirely covered by insurance, proving it's absolutely worth the investment—don't risk driving to save money.
