Car Insurance Coverage: What You Need to Know

The saying “Durability depends on the user” is timeless, but unexpected incidents can happen to your beloved vehicle on the road at any time. For peace of mind and proactive protection, car insurance is the “talisman” that helps you confidently overcome any financial risks. So, what is “car insurance,” what packages are available, and who are they suitable for? Let’s explore with “XE TẢI HÀ NỘI”!

What is Car Insurance?

“Car insurance” or “auto insurance” is a type of insurance that compensates car owners for damages to their vehicles caused by unexpected accidents, collisions, theft of parts or the entire vehicle, fires, explosions, and more.

Car insurance explained

Common Car Insurance Packages

Currently, insurance companies offer a variety of car insurance packages with different premiums and benefits. Here are some common packages:

1. Compulsory Third Party Liability (TPL) Insurance

This is a mandatory insurance package required by law, protecting car owners against damages to third-party individuals and property caused by their vehicles.

2. Voluntary Car Insurance

Voluntary packages offer more flexible options for customers, including basic and comprehensive packages.

• Basic Package: Compensates for vehicle damage caused by accidents, collisions, fires, explosions, etc.
• Comprehensive Package: Extends coverage to include damages caused by natural disasters, floods, theft of parts, water damage, etc.

Different car insurance packages

Who Should Buy Car Insurance?

The answer is anyone who owns a car! Whether you are a seasoned driver or a newbie just starting your driving journey, risks are always present.

Mr. Nguyen Van A (insurance expert, Ho Chi Minh City) shared: “Many customers subjectively believe that they drive carefully and rarely have collisions, so they don’t need to buy car insurance. However, accidents often come unexpectedly. Having car insurance, whether for a 5-seater car or other models, will help you minimize the financial burden in case of unfortunate incidents.”

Conclusion

Hopefully, this article has provided you with an overview of car insurance packages. Be a wise consumer and choose the insurance package that suits your needs and financial capabilities. For more detailed advice on Vietinbank car insurance or Liberty car insurance, please contact Phone Number: 0968239999, Email: [email protected] Or visit us at: TT36 – CN9 Road, Tu Liem Industrial Park, Phuong Canh Ward, Nam Tu Liem District, Hanoi. We have a 24/7 customer service team.