What types of insurance should I buy for my car?
1 Answers
Types of insurance to buy for your car include: 1. Compulsory Traffic Accident Liability Insurance: This is a mandatory liability insurance where the insurance company compensates for personal injuries or property losses of victims (excluding the driver and the insured) caused by road traffic accidents involving the insured vehicle, within the liability limits; 2. Vehicle Damage Insurance: Covers losses to the vehicle itself caused by natural disasters or accidents; 3. Third-Party Liability Insurance: Compensates for personal injuries or property losses suffered by a third party due to an accident involving the insured vehicle, as per the insurance contract; 4. Theft and Robbery Insurance: Only compensates for the loss of the entire vehicle, not for individual parts; 5. No-Deductible Insurance: Under special agreement, this insurance covers the deductible portion that the insured would otherwise have to bear, calculated based on the deductible rate specified in the main insurance policy, after an insured event occurs.