When purchasing a car, you must buy compulsory traffic insurance, vehicle damage insurance, third-party liability insurance, and comprehensive theft insurance. Below are the specific introductions to car insurances: 1. Compulsory Traffic Insurance. Compulsory traffic insurance is a legally required insurance that every car owner must purchase. It provides the most basic insurance coverage when a traffic accident occurs. In the event of a traffic accident, compulsory traffic insurance can help the car owner cover economic compensations that would otherwise be difficult to pay. The compensation amount of compulsory traffic insurance is determined based on the car owner's proportion of responsibility in the accident and whether it caused personal injuries or deaths. 2. Vehicle Damage Insurance. Vehicle damage insurance refers to the insurance that covers damages to the insured vehicle caused by an accident while the insured or an authorized driver is operating the vehicle. The insurance company will provide compensation within reasonable limits. The premium for vehicle damage insurance is closely related to the purchase price of the car 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 (excluding the driver and passengers of the insured vehicle) caused by an accident. The insurance company will provide compensation according to regulations. 4. Comprehensive Theft Insurance. Comprehensive theft insurance provides compensation services for vehicle losses caused by theft or robbery of the entire vehicle. After a theft or robbery incident, if the public security authorities file a case and fail to locate the vehicle within 60 days, the owner needs to provide documents such as the vehicle registration certificate, vehicle license, and purchase invoice to prove the vehicle's origin and legality in order to receive the insurance claim.
