It is most suitable to buy several types of car insurance
Must be purchased: compulsory traffic insurance, which is compulsory by the state to protect the rights and interests of third parties in traffic accidents.
Choose to purchase: Commercial auto insurance, including car damage insurance, third party liability insurance, vehicle occupancy insurance, and full vehicle theft protection. Among them, it is recommended to purchase car damage insurance to cover the loss of the vehicle due to traffic accidents, accidents, falling objects in the air, etc. Third party liability insurance is also recommended to cover bodily injury and property damage to a third party in the event of a traffic accident. Full theft insurance and on-board occupancy insurance can be purchased according to individual needs.
The types of insurance that must be purchased for car insurance include compulsory traffic insurance, third-party liability insurance, vehicle damage insurance, and vehicle occupant liability insurance.
1. Compulsory traffic insurance: the state must purchase car insurance.
2. Third-party liability insurance: refers to the economic responsibility that the insured or its permitted driver shall bear by the insured in accordance with the law in the event of an accident during the use of the insured vehicle, resulting in personal injury or death or direct damage to property of the third party, and the insurance company shall be responsible for compensation.
3. Car damage insurance: Whether it is a new car or an old car, in the process of our use, there may be damage to the vehicle, and the loss of the vehicle can be reduced a lot by purchasing car damage insurance.
4. Liability insurance for on-board personnel: Liability insurance for on-board personnel, the insurance company is responsible for compensation for the loss of personal safety of all personnel on the vehicle after encountering a traffic accident.
Auto insurance is generally divided into two parts: compulsory traffic insurance and commercial insurance. Generally speaking, for novice drivers or new car buyers, enough to buy full insurance is the most secure option. So what are the types of car insurance that you can buy?
Car insurance is generally enough to buy compulsory traffic insurance, car damage insurance, and third-party liability insurance.
Compulsory insurance: Compulsory insurance is an insurance that must be purchased according to the provisions of the law, and its function is that when an insured accident occurs, if a loss is caused to a third party, the insurance company will pay compensation regardless of whether there is a liability to pay.
Car damage insurance: When car owners buy commercial insurance, they must buy car damage insurance, because the compensation amount of compulsory traffic insurance is relatively low, so buy car damage insurance to protect their vehicles in the event of an accident can get sufficient compensation.
Third-party liability insurance: In addition to car damage insurance, third-party liability insurance in commercial insurance is also very important, after insuring third-party liability insurance, when an insured accident occurs, no matter what losses the third party suffers, the compensation payable by the car owner can be protected through this insurance, so as to transfer the risk to the insurance company.
