What is Two-Way Car Insurance? Benefits of Having It

Anh Tuan, owner of a Hyundai HD120 truck, frequently travels the Hanoi – Hai Phong route to deliver goods. One day, while driving on Lang Street, his truck was hit by a motorbike running a red light. Fortunately, Anh Tuan was unharmed, but his truck was severely damaged. He was relieved to have purchased two-way car insurance. Thanks to this, the insurance company covered the repair costs, easing his financial burden.

So, what is two-way car insurance? Why was Anh Tuan so fortunate?

What is Two-Way Car Insurance?

Two-way car insurance, also known as comprehensive car insurance, is a type of insurance where the insurance company will compensate for physical damage to your vehicle and to a third party’s vehicle in the unfortunate event of an accident. This insurance provides peace of mind for car owners while driving.

Benefits of Two-Way Car Insurance

• Reduces Financial Burden: As in Anh Tuan’s case, without two-way insurance, he would have had to bear the full cost of repairing his truck.
• Protects You from Unexpected Risks: Traffic accidents can happen at any time; having two-way insurance helps you proactively handle arising situations.
• Peace of Mind While Driving: With an insurance “shield,” you can drive with greater peace of mind and focus on safe driving.
• Fulfills Legal Obligations: According to the amended Social Insurance Law, all car owners are required to purchase compulsory civil liability insurance for motor vehicle owners.

Common Types of Two-Way Car Insurance

Currently, there are many two-way car insurance packages available with varying premiums and benefits. Here are some common types:

• Comprehensive Car Insurance: Covers damage caused by collisions, fire, theft, natural disasters, etc.
• Personal Accident Insurance for Passengers: Covers bodily injury and death of passengers in the event of an accident.
• Compulsory Civil Liability Insurance: Covers damage to people and property caused by the vehicle to a third party.

Two-Way Car Insurance Price List (Reference)

Note: This price list is for reference only. Actual insurance premiums may vary depending on the insurance company, vehicle type, vehicle value, geographical area, etc.

Truck Insurance

Important Notes When Purchasing Two-Way Car Insurance

• Choose reputable insurance companies with good service such as PTI Insurance, Bao Viet Insurance, Liberty Insurance.
• Carefully review the terms and conditions of the insurance policy before signing.
• Ensure you provide complete and accurate information to the insurance company.
• Purchase two-way car insurance as soon as you buy a new car or when your current insurance expires.

Frequently Asked Questions about Two-Way Car Insurance

Question 1: Does two-way insurance cover flood damage?

Answer: Yes, two-way insurance covers flood damage. However, the compensation amount will depend on the extent of the damage and the terms of each insurance package.

Question 2: Where can I buy two-way car insurance?

Answer: You can purchase two-way car insurance directly at representative offices or branches of insurance companies, or online through their websites or applications.

Question 3: Is the process of buying two-way car insurance complicated?

Answer: The process of buying two-way car insurance is quite simple. You just need to provide complete vehicle documents and personal information to the insurance company.

How to Buy Two-Way Car Insurance at XE TẢI HÀ NỘI

For quick and convenient two-way car insurance purchase, you can contact XE TẢI HÀ NỘI. We are a trusted partner of many reputable insurance companies, providing consulting services and support for purchasing two-way car insurance with many attractive offers.

XE TẢI HÀ NỘI is located at No. 10, Nguyen Trai Street, Thanh Xuan District, Hanoi, conveniently located for customers traveling from neighboring districts such as Dong Da District, Ba Dinh District, Hoan Kiem District,…

In addition, XE TẢI HÀ NỘI also provides other services such as:

• Buying and selling new and used trucks
• Providing truck repair and maintenance services
• Consulting and supporting vehicle registration and inspection procedures

Truck Models

Conclusion

Two-way car insurance is an important type of insurance that every car owner should equip their “beloved vehicle” with. We hope this article has provided you with useful information about two-way car insurance. If you have any further questions, please contact XE TẢI HÀ NỘI for a free consultation.