What types of insurance are normally purchased for a car?
1 Answers
Generally, commercial insurance and compulsory traffic insurance need to be purchased. More information about commercial insurance and compulsory traffic insurance is as follows: 1. Commercial insurance is for commercial purposes and is voluntarily chosen by the car owner, while compulsory traffic insurance is mandatory insurance required by the state. It is a compulsory liability insurance provided by the insurance company to compensate for personal injuries, deaths, and property losses of victims caused by road traffic accidents involving the insured vehicle within the liability limit. 2. The main types of commercial insurance include vehicle damage insurance (comprehensive coverage), third-party liability insurance, theft insurance, and passenger liability insurance.