What types of insurance should be purchased for a sedan?
1 Answers
Car insurance needs to include compulsory traffic insurance, third-party liability insurance, vehicle damage insurance, and no-deductible insurance, among others. Below is an introduction to relevant knowledge about car insurance: 1. Compulsory Traffic Insurance: Compulsory traffic insurance is a mandatory insurance stipulated by Chinese law, so all car owners must purchase it. If a car is driven on the road without compulsory traffic insurance, the driver will be penalized with points and fines if caught by traffic police. In severe cases, the driver may even face detention, as this is an illegal act. 2. Third-Party Liability Insurance: Third-party liability insurance (abbreviated as third-party insurance) primarily covers situations where the car collides with another vehicle while driving, with the compensation fully paid by the insurance company. 3. Vehicle Damage Insurance: Vehicle damage insurance refers to a type of commercial car insurance where the insurance company compensates within a reasonable range for damages to the vehicle caused by accidents while the insured is driving.