What Insurance Should You Generally Buy for a Family Sedan?

[LeAvery]

Generally, you should purchase compulsory traffic insurance, third-party liability insurance, and vehicle damage insurance. Below are the relevant introductions to these types of insurance: 1. Compulsory Traffic Insurance: The full name of compulsory traffic insurance is "Compulsory Motor Vehicle Traffic Accident Liability Insurance." It is a mandatory liability insurance where the insurance company compensates for personal injuries, deaths, and property losses of victims (excluding passengers in the insured vehicle and the insured) caused by road traffic accidents involving the insured vehicle, within the liability limits. 2. Third-Party Liability Insurance: Like compulsory traffic insurance, third-party liability insurance compensates the affected third party, essentially serving as a supplement to compulsory traffic insurance. The compensation limit of compulsory traffic insurance is limited and relatively low, with a maximum of only 122,000 yuan. For third-party liability insurance, it is recommended to insure between 500,000 to 1 million yuan. If financial conditions permit, you can opt for 1.5 million yuan or higher coverage. 3. Vehicle Damage Insurance: Vehicle damage insurance compensates for the loss of your own vehicle. The premium for vehicle damage insurance is closely related to the purchase price and the number of seats of the car. In other words, the higher the car price, the higher the premium.