Where to Purchase Compulsory Traffic Accident Liability Insurance for Motorcycles?
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Compulsory Traffic Accident Liability Insurance for motorcycles can be purchased from property insurance companies that offer this type of insurance. What is Compulsory Traffic Accident Liability Insurance: Compulsory Traffic Accident Liability Insurance for motor vehicles is a mandatory liability insurance provided by insurance companies. It covers compensation for personal injuries, fatalities, and property losses (excluding the driver and passengers of the insured vehicle) caused by road traffic accidents involving the insured vehicle, within the specified liability limits. This insurance is China's first mandatory insurance system implemented under national law, with premiums uniformly regulated by the state. The primary factor affecting the price of this insurance is the 'number of vehicle seats.' Types of Motorcycle Insurance: In addition to the mandatory Compulsory Traffic Accident Liability Insurance, motorcycle owners can also opt for various commercial insurance policies as needed, such as Motorcycle Damage Insurance, Motorcycle Third-Party Liability Insurance, Motorcycle Passenger Liability Insurance, and Motorcycle Scratch Insurance. Among these, Motorcycle Damage Insurance and Motorcycle Third-Party Liability Insurance are highly recommended for all motorcycle owners.