Which Types of Insurance Should You Buy When Purchasing a Car?
1 Answers
When purchasing a car, the following types of insurance should be considered: 1. Compulsory Traffic Insurance, which is one of the insurances mandated by legal provisions; 2. Vehicle Damage Insurance, covering daily issues such as scratches, where repair costs can be claimed from the insurance company; 3. Third-Party Liability Insurance; 4. No-Deductible Insurance. Vehicle insurance, also known as auto insurance, refers to a type of commercial insurance that compensates for personal injuries or property losses caused by natural disasters or accidents involving motor vehicles, and it is a form of property insurance. In the field of property insurance, auto insurance is a relatively young category, as it emerged and developed alongside the advent and popularization of automobiles.