Why Can't Used Cars Purchase Commercial Insurance?

[VonHenry]

Many used cars for sale do not have commercial insurance because the original owners, anticipating the sale of their vehicles, often only maintain compulsory traffic insurance and forego commercial insurance. Another possibility is that the commercial insurance was canceled by used car dealers. When dealers acquire vehicles, they may cancel the commercial insurance to count it as part of their profits. Below is a detailed introduction to commercial insurance for vehicles: Vehicle Damage Insurance: This covers damage to the vehicle caused by natural disasters or accidents within the insurance liability. Third-party Liability Insurance: This covers direct property damage and personal injuries to third parties caused by accidents involving the driver. Theft and Robbery Insurance: This insurance covers losses due to the entire vehicle being stolen, robbed, or forcibly taken, as well as reasonable repair costs for damages or missing parts and accessories during such incidents.