Vietnam Truck Insurance: What You Need to Know

Mr. Ba, a resident of Hoai Duc district, Hanoi, is known for his successful business. After purchasing a Hyundai Mighty N250SL refrigerated truck from Thanh Cong dealership on Giai Phong Street, everyone complimented him on his excellent choice. Indeed, since acquiring this new “partner,” his business has flourished. He says that besides choosing a good truck, understanding fees and insurance, especially Motor Vehicle Liability Insurance, is equally important.

So, what is Motor Vehicle Liability Insurance, and why should truck owners pay attention to it? Let’s delve into the details with Hanoi Trucks!

What is Motor Vehicle Liability Insurance?

Motor Vehicle Liability Insurance is a mandatory fee that vehicle owners must pay to participate in a liability insurance program. This insurance protects third parties in case of accidents caused by the insured vehicle.

Why Purchase Motor Vehicle Liability Insurance?

• Legally Required: According to the Road Traffic Law, all motor vehicle owners in Vietnam must have Motor Vehicle Liability Insurance.
• Protects Your Interests: In case of an accident, the insurance will cover damages to people and property that you unintentionally cause to a third party.
• Peace of Mind While Driving: No one wants an accident, but having insurance provides peace of mind while driving.

Truck Liability Insurance Costs in Vietnam

Note: This table is for reference only. Actual premiums may vary depending on the insurer, vehicle type, year of manufacture, and your driving history.

Truck insurance in Vietnam

Important Considerations When Purchasing Insurance

• Choose a Reputable Insurer: Select well-established and reputable insurance companies like PVI Insurance, Bao Viet Insurance, or PTI Insurance.
• Understand the Terms and Conditions: Before signing the contract, carefully review all terms and conditions, especially regarding coverage and compensation limits.
• Keep Your Contract Safe: Your insurance contract is crucial for claiming compensation in case of an accident.

Frequently Asked Questions about Motor Vehicle Liability Insurance

1. Where can I purchase Motor Vehicle Liability Insurance?

You can purchase insurance directly at insurance company offices or through car dealerships, such as Thaco Truong Hai on Pham Hung Street.

2. Can I buy Motor Vehicle Liability Insurance online?

Yes, many insurance companies now offer convenient online purchase options.

3. My vehicle’s registration has expired. Can I still purchase Motor Vehicle Liability Insurance?

According to regulations, your vehicle must have a valid registration to be eligible for Motor Vehicle Liability Insurance.

Where to Buy Reliable and Quality Trucks in Hanoi?

If you’re looking to buy a truck, visit Hanoi Trucks – your source for quality trucks at competitive prices. We are proud partners of leading truck brands like Hyundai, Isuzu, and Hino.

Hanoi Trucks – Quality Trucks at Competitive Prices

Popular Truck Models at Hanoi Trucks

• Hyundai Trucks: Hyundai Mighty N250, Hyundai HD120S, Hyundai Xcient…
• Isuzu Trucks: Isuzu QKR77FE4, Isuzu FRR90NE4, Isuzu FVR34QE4…
• Hino Trucks: Hino XZU720, Hino FG8JJ7A, Hino FL8JT7A…

Contact Hanoi Trucks today for consultation and the best quotes!

Conclusion

We hope this article has provided a comprehensive understanding of Motor Vehicle Liability Insurance in Vietnam. Be a smart vehicle owner and choose the right insurance package for peace of mind on the road.

Visit xetaihanoi.edu.vn for more useful information about trucks.

Leave a comment and share this article if you find it helpful!