What types of insurance are generally required when buying a new car?
1 Answers
When purchasing a new car, the generally required insurance types include: 1. Compulsory Traffic Accident Liability Insurance: This is mandatory and provides basic and timely coverage for personal injuries and property losses in the event of a traffic accident; 2. Third-Party Commercial Liability Insurance: Primarily covers property and personal losses outside the vehicle and its occupants, and is one of the important insurance types chosen by most car owners; 3. No-Deductible Insurance: In the event of an accidental traffic accident claim, if the car owner has purchased no-deductible insurance, the insurance company will provide full compensation; 4. Vehicle Damage Insurance; 5. Full Vehicle Theft Insurance; 6. Glass Breakage Insurance; 7. Passenger Liability Insurance.