Consequences of Expired Truck Insurance and Solutions

“Caution is the parent of safety” – This old adage holds true, especially when it comes to operating trucks, the livelihood of countless families. Ensuring valid truck insurance is paramount. What happens if your truck insurance expires? Let’s delve into this critical topic with Hanoi Trucks.

Traffic police inspecting truck documents

Severe Consequences of Expired Truck Insurance

1. Administrative Fines:

Current regulations stipulate fines for expired truck insurance ranging from 1,000,000 to 1,500,000 VND for trucks under 1.5 tons; 3,000,000 to 4,500,000 VND for trucks between 1.5 and 3.5 tons; and 4,000,000 to 6,000,000 VND for trucks exceeding 3.5 tons, for expirations between 1 and 30 days.

2. Liability for All Damages:

In case of an accident, truck owners with expired insurance bear full responsibility for repair costs and compensation for damages to people and property.

3. Business Disruption:

Truck impoundment due to expired insurance disrupts transportation operations, severely impacting work progress and damaging your reputation with partners.

What to Do If Your Truck Insurance Expires?

Mr. Nguyen Van A, an expert from the Vietnam Automobile Transportation Association, advises: “The most important thing when truck insurance expires is to remain calm and handle the situation properly.”

Here’s some expert advice:

1. Purchase Insurance Immediately: Contact your insurance agent or company to reinstate your truck insurance.
2. Cooperate with Authorities: If inspected and found with expired insurance, cooperate fully with law enforcement.
3. Track Your Insurance Expiration Date: Diligently monitor your truck’s insurance expiration. Utilize reminder apps to avoid unintentional lapses.

Frequently Asked Questions About Expired Truck Insurance:

1. How long after expiration is a truck subject to fines?

Fines can be issued immediately upon expiration if your truck is inspected.

2. Do fines for expired truck insurance change annually?

Yes. Fines are subject to change based on legal regulations.

Truck driver checking insurance on a phone

Choose Hanoi Trucks – Choose Peace of Mind on Every Road

To avoid the hassles of expired truck insurance, choose a reputable partner from the start. Hanoi Trucks proudly provides leading truck sales and insurance services in Hanoi.

We guarantee:

• Quality truck insurance products tailored to each customer’s needs.
• Fast and professional insurance purchase assistance.
• Dedicated and thoughtful consultation on truck insurance matters.

Contact Hanoi Trucks for consultation and support:

• Address: 123 X Street, Y Ward, Z District, Hanoi
• Hotline: 090-XXX-XXXX
• Website: https://xetaihanoi.edu.vn/

Related Products and Services:

Besides insurance, Hanoi Trucks offers:

• New and used truck sales.
• Genuine truck parts.
• Truck repair and maintenance.
• …

Conclusion:

Expired truck insurance is a serious issue with potentially severe consequences. This article provides valuable information on the topic. Be a responsible driver, obey traffic laws, and maintain valid truck insurance.

For detailed information about Hanoi Trucks’ products and services, visit our website: https://xetaihanoi.edu.vn/ or call our hotline: 090-XXX-XXXX.