Why is it not recommended to buy only compulsory traffic insurance?

What are the consequences of only buying compulsory liability insurance?

Answer: Hello, compulsory traffic insurance is a car insurance that the state compels motor vehicles to pay, and it must be insured. It is okay for the vehicle to only pay compulsory insurance, but it should be noted that the compulsory insurance only compensates the insured vehicle for the personal and property losses caused to the third party, and its coverage and coverage are relatively limited, and in many cases, these compensation amounts are insufficient.

Therefore, if the car owner is financially capable, it is best to properly insure other vehicle commercial insurance, so that the vehicle's travel protection is more comprehensive, and at the same time, it can also make itself more comfortable in dealing with possible car insurance accidents, so as to avoid huge economic losses and personnel compensation caused by possible car insurance accidents.

You can only buy compulsory traffic insurance. Compulsory traffic insurance is a mandatory requirement of the state, and motor vehicles cannot be driven on the road without insurance. The amount of compulsory traffic insurance is relatively low, and the scope of protection is also limited, which can only provide protection for third parties, and cannot provide protection for the car owner himself.

Therefore, it is necessary to take out commercial insurance at the same time as the compulsory traffic insurance, but it is not necessary to take out commercial insurance.

What are the payment methods for compulsory traffic insurance?

1. The parties can purchase through the business network of the insurance company. You need to bring a copy of your driving license and ID card to the business office of the insurance company for processing;

2. The parties can go to the 4S store to make purchases, which can reduce the time;

3. The parties can call the insurance ** to purchase, and then follow the prompts to purchase after the absence.

Legal basis: Article 14 of the Regulations of the People's Republic of China on Compulsory Insurance of Motor Vehicle Traffic Accident Liability.

The insurance company shall not terminate the compulsory insurance contract for the traffic accident liability of the motor car; However, the policyholder fails to fulfill the obligation to truthfully inform important matters.

If the policyholder fails to perform the obligation of truthfully informing of important matters, the insurance company shall notify the policyholder in writing before terminating the contract, and the policyholder shall perform the obligation of truthful notification within 5 days from the date of receipt of the notice; If the policyholder fulfills the obligation of truthful notification within the above-mentioned time limit, the insurance company shall not terminate the contract.

You can only buy compulsory traffic insurance. However, in the event of an accident, the amount of compensation paid by compulsory traffic insurance is very low, and it is better to buy some other commercial car insurance. According to the regulations, compulsory insurance for motor vehicle traffic accident liability refers to the compulsory liability insurance that the insurance company compensates within the liability limit for the personal and property losses of the victims other than the vehicle personnel and the insured caused by road traffic accidents of the insured motor vehicle.

Legal basis] Article 21 of the Regulations on Compulsory Insurance of Motor Vehicle Traffic Accident Liability.

If a road traffic accident occurs in the insured motor vehicle and causes personal and property losses to the victim other than the vehicle personnel and the insured, the insurance company shall compensate within the liability limit of the compulsory insurance for motor vehicle traffic accident liability in accordance with the law.

If the damage caused by the road traffic accident is intentionally caused by the victim, the insurance company will not compensate for it.

Legal analysis: It is okay to only buy compulsory traffic insurance. When driving a motor vehicle on the road, it shall hang the number plate of the motor section and place the inspection mark and insurance sign.

Legal basis: Article 11 of the Road Traffic Safety Law of the People's Republic of China stipulates that when driving a motor vehicle on the road, the motor vehicle number plate shall be hung, the inspection mark and insurance mark shall be placed, and the motor vehicle driving license shall be carried with the vehicle. The number plate of the motor vehicle shall be hung in accordance with the provisions and kept clear and complete, and shall not be deliberately covered or defaced.

No unit or individual may confiscate or detain a motor vehicle license plate.

From the perspective of vehicle management policy, it is okay for car owners to only buy compulsory traffic insurance and not commercial insurance. However, the scope of compensation of the compulsory traffic insurance has certain limitations, and the compensation limit is not too high, and it is impossible to provide sufficient protection in some accidents.

Extended Bridge Exhibition Reading: [Insurance] How to buy, which is better, teach you to avoid these insurance"pits"

1. You can choose compulsory traffic insurance, but choose to buy car insurance according to your actual situation. 2. Compulsory traffic insurance, the full name of which is compulsory insurance for motor vehicle traffic accident liability. It is the state that compulsorily requires car owners to have car insurance.

When a traffic accident occurs, if the driver does not buy commercial insurance and is not able to compensate the victim, the injury to the weak is very great, in order to protect the vulnerable group, the state has implemented compulsory insurance, all licensed vehicles must be purchased. 3. Compulsory traffic insurance compensation is divided into liability compensation and non-liability compensation, of which liability compensation refers to the compensation limit for death and disability, property damage and medical expenses, and the compensation for non-liability refers to the compensation limit for non-liability death, the compensation limit for property loss without liability, and the compensation limit for medical expenses without liability.

Article 21 of the Regulations on Compulsory Insurance of Motor Vehicle Traffic Accident Liability Article 21 If a road traffic accident occurs in an insured motor vehicle and causes personal and property losses to the victim other than the vehicle personnel and the insured, the insurance company shall compensate within the liability limit of the compulsory insurance for motor vehicle traffic accident liability in accordance with the law. If the loss of a road traffic accident is caused intentionally by the victim, the insurance company will not compensate for the damage.

Yes, it is okay to buy only compulsory insurance. Compulsory insurance is compulsory insurance, it is compulsory to purchase, and motor vehicles cannot be driven on the road without insurance. However, the guarantee amount of compulsory insurance is relatively low, and the scope of guarantee is also limited, and he can only provide guarantee for a third party, but cannot provide guarantee for the owner himself.

Therefore, commercial insurance should be purchased at the same time as compulsory insurance.

Commercial insurance is in addition to compulsory insurance. In general, common commercial insurances include third-party liability insurance, vehicle damage insurance, and vehicle personnel liability insurance. These three types of insurance are similar to compulsory insurance and can compensate for third-party losses caused by accidents.

Vehicle damage insurance is to ensure that the vehicle is damaged due to an accident, and the vehicle personnel liability insurance is the damage to the vehicle personnel.