What is Seat Insurance and Is It Necessary to Purchase?

[LeDawson]

Seat insurance, also known as passenger liability insurance, is one of the main types of commercial insurance currently available, and it is necessary to purchase. 1. Definition: Seat insurance covers accidental incidents involving the insured vehicle that result in injuries or fatalities to the driver or passengers on board. The insurance company will provide compensation based on the passenger liability insurance purchased. 2. Features: When purchasing seat insurance, you can tailor it according to your needs while also considering your actual circumstances. Seat insurance is a mandatory industry requirement for vehicles engaged in passenger transport, making it a highly essential auto insurance beyond compulsory traffic insurance. Seat insurance is divided into 20 tiers, and the higher the coverage purchased, the greater the potential compensation. 3. Purchase Considerations: Seat insurance covers accidental incidents that are not intentional acts by the involved party but are unforeseen and unavoidable events leading to injuries or fatalities of the driver or passengers on board, as well as property damage. The insurance company will only compensate for medical expenses or accident payouts under such circumstances.