What Types of Car Insurance Are Sufficient to Purchase?
1 Answers
Generally, four types of car insurance are recommended for purchase. The specific insurances are as follows: Compulsory Traffic Insurance: This is a mandatory insurance required by the state. Vehicle Damage Insurance: After a traffic accident occurs, the insurance company will provide compensation within a reasonable range. Third-Party Liability Insurance: If a motor vehicle is involved in a traffic accident that causes personal injury, death, or direct property damage to a third party, the insurance company will bear the economic compensation liability within the legally prescribed scope. No-Deductible Insurance: This is an additional coverage for Vehicle Damage Insurance or Third-Party Liability Insurance. Purchasing this insurance allows the car owner to avoid bearing the responsibility that would otherwise be required in a traffic accident, ensuring 100% compensation.