What types of insurance should be purchased when buying car insurance?
2 Answers
When purchasing car insurance, you should buy basic car insurance, third-party liability insurance for motor vehicles, and additional insurance for motor vehicles. Below is a detailed introduction to vehicle insurance: 1. Overview: Vehicle insurance, also known as motor vehicle insurance or car insurance, refers to a type of commercial insurance that covers personal injury, death, or property damage caused by natural disasters or accidents involving motor vehicles. 2. Others: Car insurance is a type of property insurance. In the field of property insurance, car insurance is a relatively young type of insurance. In the early stages of car insurance, third-party liability insurance was the main coverage, gradually expanding to include risks such as collision damage to the vehicle body.
When I first bought car insurance, I consulted professionals and concluded that these types are sufficient: Liability insurance is mandatory by law, covering compensation for damage to others' cars or injuries in case of an accident—driving without it is illegal. Collision insurance is also crucial; it significantly reduces out-of-pocket expenses for repairing your car, especially for new cars—don't skimp on this. Adding comprehensive insurance handles unexpected events like hail damage or theft, costing little annually for peace of mind. I also recommend purchasing uninsured motorist coverage; if you encounter irresponsible drivers, you can claim compensation from your own insurance—otherwise, you're at a huge disadvantage. Regularly review policy details, such as adjusting the deductible based on your car's age, to save money without compromising coverage.
