What types of insurance should you generally buy when purchasing a car?
1 Answers
Generally, you should buy the following three types of insurance when purchasing a car: 1. Compulsory Traffic Insurance (CTI): CTI is mandatory by the state. After purchasing CTI, you will receive an insurance label that must be affixed to the front windshield of your car. Failure to display this label may result in fines and penalty points. 2. Third-Party Liability Insurance: In the event of a traffic accident where you are primarily at fault, Third-Party Liability Insurance can be very useful. 3. Vehicle Damage Insurance: Vehicle Damage Insurance is used to compensate for your own losses. If your car is involved in an accident, the insurance company will cover the damages through this insurance.