What insurance should be purchased for a new car?
1 Answers
New cars should purchase compulsory traffic insurance, vehicle damage insurance, and no-deductible insurance. Below is more information about auto insurance: Introduction to auto insurance: Auto insurance, also known as motor vehicle insurance, is a type of commercial insurance that covers personal injury or property damage caused by natural disasters or accidents involving motor vehicles. Auto insurance is a category of property insurance and is relatively new in the field of property insurance, as it emerged and developed alongside the advent and popularization of automobiles. Unlike modern motor vehicle insurance, early auto insurance primarily focused on third-party liability coverage and gradually expanded to include risks such as collision damage to the vehicle body. Basic functions of auto insurance: The fundamental functions of insurance, including organizing economic compensation and fulfilling insurance payouts, are also the basic functions of motor vehicle insurance.