Vietnam Car Insurance Law 2019: A Comprehensive Guide

While delivering an Isuzu truck to a customer in Cau Giay, Tuan, a seasoned driver at XE TẢI HÀ NỘI, was startled by the screech of brakes. A motorbike suddenly cut him off. Luckily, Tuan’s quick reflexes allowed him to swerve, avoiding a serious accident. This near-miss highlighted the importance of car insurance.

Tuan’s story underscores the need to understand and comply with the Vietnam Car Insurance Law of 2019. What’s new in this law? Let’s delve into the details with XE TẢI HÀ NỘI.

Main Content

1. Vietnam Car Insurance Law 2019: Overview and Key Changes

Effective January 1st, 2020, the Car Insurance Law 2019 replaced Decree 103/2008/ND-CP, introducing significant changes to better protect vehicle owners and road users.

Key changes:

• Increased liability coverage: Provides more comprehensive compensation for personal injury and property damage in accidents.
• New insurance types: Caters to the diverse needs of vehicle owners, including liability insurance for cargo transport.
• Simplified and faster claim process: Saves time and effort for vehicle owners.

2. Car Insurance Price Guide for 2023

Note: This table is for reference only. Actual premiums may vary depending on the insurer, vehicle type, intended use, and driving history.

3. Important Considerations When Buying Car Insurance

Do’s:

• Choose reputable insurance companies like PVI Insurance, PTI Insurance, Bao Viet, etc., for the best service.
• Carefully review the insurance policy before signing, especially the exclusion clauses.

Don’ts:

• Avoid cheap insurance from unreliable providers, as it may lead to claim denial in case of an incident.
• Don’t provide false information to get lower premiums, as this can result in claim rejection.

4. Frequently Asked Questions about the Car Insurance Law 2019

Question 1: My truck has compulsory third-party liability insurance. Do I need additional physical damage insurance?

Answer: Physical damage insurance is not mandatory. However, XE TẢI HÀ NỘI recommends purchasing this coverage for comprehensive protection, especially for frequent travel on high-risk roads like National Highway 1A, National Highway 5, or the Phap Van – Cau Gie Expressway.

Question 2: What is the claims process for car insurance?

Answer: Contact your insurance company within 24 hours of an incident. Then, prepare the necessary documents as required by the insurer for prompt processing and settlement.

5. Buy Trucks – Visit XE TẢI HÀ NỘI

For various trucks, from light to heavy-duty, box trucks, dump trucks, tractor-trailers, and specialized vehicles, visit XE TẢI HÀ NỘI – Hanoi’s leading truck provider. We offer quality products, competitive prices, and excellent after-sales service.

Contact us:

• Showroom 1: No. 1 Nguyen Van Linh, Long Bien District, Hanoi.
• Showroom 2: No. 10 Tran Duy Hung, Cau Giay District, Hanoi.
• Hotline: 0987.654.321

6. Popular Truck Models at XE TẢI HÀ NỘI

Besides learning about insurance laws, explore some popular truck models at XE TẢI HÀ NỘI:

• Thaco Towner 990kg (https://xetaihanoi.edu.vn/gia-xe-tai-kia-k165-moi-2019/): A light truck suitable for inner-city travel.
• Hyundai H150 Truck (https://xetaihanoi.edu.vn/xe-tai-thaco-foton-cu/): A versatile medium-duty truck for various cargo needs.
• Isuzu FRR90N Truck (https://xetaihanoi.edu.vn/xe-tai-tmt-2-tan-cu/): A heavy-duty truck for large cargo, offering powerful and durable performance.

Conclusion

Understanding the Vietnam Car Insurance Law 2019 is crucial for every vehicle owner. We hope this article provided valuable information. For any questions, comment below or contact XE TẢI HÀ NỘI directly for detailed advice.