What Types of Car Insurance Should You Buy?
1 Answers
Car insurance is divided into: compulsory traffic insurance and commercial insurance. Compulsory traffic insurance is mandatory as required by national law. Commercial insurance is optional based on the car owner's preference. Below is a detailed introduction to commercial vehicle insurance: 1. Vehicle Damage Insurance: Covers losses caused by natural disasters and accidents to the vehicle itself, recommended for new drivers. 2. Third-Party Liability Insurance: Covers losses due to personal injury or death of a third party caused by the car owner, a must-have for both your own and others' protection. 3. No-Deductible Insurance: An additional insurance that transfers the responsibility the car owner would otherwise bear to the insurance company, reducing the owner's loss. It's advisable to purchase this if you have both Vehicle Damage Insurance and Third-Party Liability Insurance. 4. Theft and Robbery Insurance: Covers damages caused by vehicle theft, robbery, or snatching, recommended for car owners without a garage. 5. Passenger Liability Insurance: Covers losses suffered by the driver and passengers due to traffic accidents, usually charged per seat, recommended for new drivers or family vehicles. 6. Spontaneous Combustion Insurance: Covers losses due to fires caused by the vehicle's own electrical or wiring issues, suitable for older vehicles. 7. Glass Breakage Insurance: Covers the separate breakage of the windshield or window glass, as glass replacement can be very expensive, recommended for vehicles frequently driven in unsafe areas. 8. Scratch Damage Insurance: Covers losses caused by human, malicious, or accidental scratches to the vehicle body.
