What Types of Auto Insurance Do You Need to Buy?
1 Answers
Here is a detailed introduction to the types of auto insurance you need to purchase: 1. Basic Insurance: Basic insurance includes Collision Insurance and Third-Party Liability Insurance. Collision Insurance covers compensation for vehicle damage, while Third-Party Liability Insurance provides compensation for personal injuries or fatalities resulting from traffic accidents. 2. Additional Insurance: There are many types of additional insurance, with common ones being Theft Insurance, Spontaneous Combustion Insurance, Water Damage Insurance, Glass Breakage Insurance, Seat Insurance, and No-Deductible Coverage. 3. Compulsory Traffic Insurance: Compulsory Traffic Insurance is a mandatory type of insurance required by the state. Only with this insurance can a vehicle be legally allowed on the road.