You own a truck and are wondering about physical damage insurance? Do you need it? This article answers all your questions!
The question “Is car physical damage insurance mandatory?” is common for car owners, especially truck owners. It reflects their concern about protecting their assets and uncertainty about legal obligations and potential risks.
Under Vietnamese law, physical damage insurance for vehicles is not mandatory. You are not required to purchase this coverage. However, third-party liability insurance is mandatory for all car owners, including trucks.
Physical damage insurance is voluntary. It compensates for financial losses from accidents, fires, natural disasters, or theft. While not mandatory, it’s crucial for protecting your truck from potential risks.
A truck involved in a traffic accident with significant damage.
Imagine your truck is involved in a collision, resulting in substantial damage and costly repairs. With physical damage insurance, the insurer would cover some or all repair costs, minimizing your financial loss.
To protect your assets, consider purchasing physical damage insurance. It provides peace of mind and reduces financial burden in case of accidents.
Contact us with any questions about physical damage insurance. We’re available 24/7.
Looking for a quality truck? Contact XE TẢI HÀ NỘI or call: 0968 239 999.
A representative from a Hanoi car dealership showcasing quality trucks.
Physical damage insurance is a valuable tool for protecting your truck. While not mandatory, it offers peace of mind. Carefully consider your needs and make an informed decision.
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