What to Do If a New Car Has 6 Insurance Claims in the First Year?

[Adriel]

A new car with 6 insurance claims in the first year will likely see an increase in the second year's premium and may even be refused coverage by the insurance company. Below is relevant information about vehicle insurance: 1. Introduction: Vehicle insurance, also known as motor vehicle insurance or auto insurance, refers to a type of commercial insurance that covers liability for personal injury or property damage caused by natural disasters or accidents involving motor vehicles. Auto insurance is a form 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. 2. Categories: Commercial insurance is an open-valued insurance, divided into basic insurance and additional insurance, with the latter not being independently insurable. Basic insurance includes third-party liability insurance and vehicle damage insurance (comprehensive coverage). Additional insurance includes full vehicle theft insurance (theft coverage), onboard liability insurance, no-fault liability insurance, liability for dropped cargo insurance, standalone glass breakage insurance, vehicle downtime loss insurance, spontaneous combustion loss insurance, additional equipment loss insurance, and no-deductible special coverage. Compulsory Traffic Accident Liability Insurance (CTALI), also known as compulsory third-party liability insurance, is mandatory, and motor vehicles must purchase it to be legally driven, undergo annual inspections, and be registered. In the event of third-party losses requiring claims, CTALI must be paid out first before other types of insurance.