at the moment the Car has been the rapid development of our country’s households. As of the end of June 2019, the US vehicle population reached 229 million, the level of consumption of the Car continues to remain high. Motor vehicle on the road we must use to vehicle insurance. Which features Auto insurance and guarantees Today we come together to talk.
vehicle insurance Is divided into two parts, one the state must buy “motor vehicle accident compulsory liability Insurance “Is what we call pay compulsory insurance, commercial insurance Is the addition. Commercial insurance Is voluntary basIs based on the affordability to purchase the commercial value of all motor vehicles and motor vehicle. The post costs and security are not the same.
said first strong insurance. Traffic Insurance Is the first insurance coverage be enforced in the form of national legIslation, in effect from July 1, 2006. Traffic Insurance Is the victim of road accidents caused personal injury, property damage, be compensated in the amount of mandatory liability insurance liability protection occurs by the insurance company to the insured motor vehicle. But it does not include a traffic accident, the Car and the insured person. Traffic Insurance standard of compensation for death and dIsability compensation limit Is 11 million medical expenses compensation limit of $ 10,000 in property damage compensation limit Is 2000 yuan, the insured no responsibility for death and dIsability and health Care costs 10% limit property damage paid $ 100.
talk about business insurance, commercial insurance have common insurance loss of vehicle insurance, third party liability insurance, board officers liability insurance, the whole Car pilfer, glass breakage insurance, body scratches loss insurance, there are other types of insurance. These are the amount of insurance to protect yourself and the insurance company negotiated agreement. Guarantee high prices on much elaborate. Worth noting that commercial insurance Is beyond the compensation to pay high insurance limits section.