Hanoi Truck Insurance: A Comprehensive Guide

“A stitch in time saves nine.” This applies to trucks as well. Besides regular maintenance, truck insurance is essential to ensure your vehicle is always protected. What are the current regulations for car insurance in Vietnam? Let’s explore this topic in detail with Hanoi Truck.

What is Car Insurance? The Role of Car Insurance

Car insurance is a form of property insurance where the car owner (the policyholder) pays a premium to an insurance company (the insurer) for a specified period outlined in the contract. In return, if the car is involved in an accident or suffers unexpected damage, the insurance company is responsible for compensating the car owner according to the terms and conditions stated in the insurance policy.

Mr. Nguyen Van A, an expert at the Vietnam Institute of Motor Vehicle Research, stated: “Car insurance plays a crucial role, not only in protecting the owner’s assets but also serving as a solid financial safety net, minimizing the financial burden in case of unforeseen risks.”

Truck insurance purchase

Latest Car Insurance Regulations in 2023

Mandatory Car Insurance Types

According to the Law on Compulsory Civil Liability Insurance of Motor Vehicle Owners No. 04/2019/QH14 and Decree 120/2019/NĐ-CP, there are two mandatory types of insurance for cars:

• Compulsory Civil Liability Insurance of Motor Vehicle Owners: This type of insurance covers damages to third parties, both personal and property, caused by your vehicle while participating in traffic.
• Passenger Accident Insurance: This insurance covers passengers in the vehicle (excluding the driver) in case of an accident.

Voluntary Car Insurance Types

In addition to the two mandatory insurance types mentioned above, you can consider other voluntary insurance options such as:

• Physical Damage Insurance: This insurance covers damage to the vehicle caused by accidents, fire, explosion, theft, etc.
• Driver and Passenger Accident Insurance: This extends coverage to both the driver and passengers in the vehicle.

Car Insurance Premiums

Car insurance premiums depend on various factors such as vehicle type, purpose of use, vehicle value, coverage scope, etc. For accurate premium information, you can contact reputable insurance companies directly or visit their websites for inquiries.

Important Notes When Purchasing Car Insurance

• Choose reputable insurance companies with a long operating history and trusted by many customers.
• Carefully review the terms and conditions in the insurance policy before making a purchase.
• Thoroughly check the information on the electronic insurance certificate after completing the purchase procedure.

Insurance consultant advising a client

Frequently Asked Questions about Car Insurance Regulations

Question 1: My truck’s registration has expired. Can I still purchase compulsory Civil Liability Insurance?

Answer: No. According to regulations, you must take your vehicle for inspection and obtain a valid technical safety and environmental protection certificate to be eligible to purchase compulsory Civil Liability Insurance.

Question 2: My vehicle is a 3.5-ton truck, frequently traveling through routes like Nguyen Trai, Thanh Xuan, Hanoi. I want to purchase physical damage insurance. Which insurance package is suitable?

Answer: With the specific nature of trucks frequently moving and carrying bulky goods, you should prioritize physical damage insurance packages with broad coverage, including damages caused by collisions and accidents during loading and unloading.

Question 3: Is the online car insurance purchase procedure complicated?

Answer: Currently, most insurance companies support customers in purchasing insurance online with a simple and fast process, saving you time and effort.

Purchase Reliable Car Insurance at Hanoi Truck

Are you wondering where to buy reputable and quality car insurance? Come to Hanoi Truck – the leading provider of car insurance services in Hanoi.

Why choose Hanoi Truck?

• Strategic partner of many reputable insurance companies such as Bao Viet Insurance, PTI Insurance, PVI Insurance, etc.
• Provides a variety of insurance packages with competitive premiums.
• Experienced, dedicated, and attentive consultant team, supporting customers 24/7.
• Fast and transparent insurance purchase procedures.

In addition, Hanoi Truck also provides other services such as:

• Fuel-efficient cars: https://xetaihanoi.edu.vn/o-to-tiet-kiem-xang/
• 3-ton trucks: https://xetaihanoi.edu.vn/mot-o-to-co-khoi-luong-3-tan/
• Handling expired car insurance: https://xetaihanoi.edu.vn/loi-het-han-bao-hiem-o-to/

Contact us now for the best advice and support!

HANOI TRUCK

• Address: No. [House Number] [Street Name], [Ward], [District], Hanoi
• Hotline: [Phone Number]
• Website: https://xetaihanoi.edu.vn/

Conclusion

Hopefully, through the above article, you have a better understanding of the latest car insurance regulations. Don’t forget to choose a suitable insurance package for your vehicle for peace of mind on every journey!