Which Types of Insurance Should You Buy for Your Vehicle?

1 Answers
DelAmy
07/24/25 5:58pm
Purchasing vehicle insurance includes two main categories: 1. Compulsory Traffic Accident Liability Insurance (CTALI): This is a mandatory insurance, officially known as 'Compulsory Traffic Accident Liability Insurance for Motor Vehicles.' It is a compulsory liability insurance provided by the insurance company to compensate for personal injuries, deaths, and property losses caused to victims (excluding the vehicle's occupants and the insured) in road traffic accidents within the liability limits. 2. Commercial Insurance: This refers to insurance chosen based on your actual needs, known as commercial insurance. It includes Vehicle Damage Insurance, Third-Party Liability Insurance, Passenger Liability Insurance, Theft and Robbery Insurance, etc. In addition to these, there are some additional coverage options, such as Glass Breakage Insurance, Body Scratch Insurance, Spontaneous Combustion Insurance, and Vehicle Water Damage Insurance.
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