What types of car insurance should be purchased?
2 Answers
The following are some types of insurance that should be purchased: 1. Compulsory Traffic Insurance (CTI): First is the Compulsory Traffic Insurance. CTI is a mandatory insurance that must be purchased for motor vehicles. It provides compensation by the insurance company for losses and casualties caused by traffic accidents involving the insured vehicle. This must be purchased and cannot be arbitrarily canceled. Once canceled, it is illegal. 2. Vehicle Damage Insurance: Vehicle Damage Insurance refers to compensation provided by the insurer according to the contract when the insured vehicle suffers damage due to natural disasters or accidents within the scope of insurance liability. However, natural disasters here include earthquakes. 3. Third-Party Liability Insurance: This insurance is abbreviated as 'TPL Insurance.' It refers to compensation provided by the insurance company when the owner or an authorized qualified driver causes injury to a third party or damage to property in a traffic accident during the use of the vehicle. The coverage limit of this insurance is selected by the owner, i.e., the insured. 4. Passenger Liability Insurance: This insurance is also known as 'Seat Insurance' or 'Passenger Insurance,' and it is responsible for compensating injuries to specified seat occupants caused by the insured vehicle. The owner can set the compensation limit for each seat as needed. This insurance is equivalent to accidental injury insurance.
I've been driving for ten years, so I have plenty of experience with car insurance. Compulsory insurance is a must-have for driving on the road. For commercial insurance, I highly recommend third-party liability insurance—with so many luxury cars on the road these days, a coverage of at least 2 million is essential for peace of mind. Vehicle damage insurance is also a must; it saves you from worrying about repair costs if you accidentally scratch your car. I always opt for passenger liability insurance for all seats—it’s all about safety. Many people overlook medical expense insurance for non-covered drugs, but it’s a lifesaver in accidents requiring out-of-pocket medications. As for minor add-ons like scratch insurance, I usually skip them—handling small scratches myself is more cost-effective. Smart insurance choices make for worry-free driving.
