1. Compulsory traffic insurance is compulsory liability insurance for motor vehicle traffic accidents. China's Regulations on Compulsory Liability Insurance for Motor Vehicle Traffic Accidents clearly stipulates the compensation scope of compulsory traffic insurance.
2. Compulsory liability insurance in which the insurance company pays compensation within the limit of liability for personal injury, death and property loss of the insured vehicle's personnel and victims other than the insured caused by road traffic accidents of the insured vehicle.
3. Compulsory automobile traffic accident liability insurance is subject to a unified liability limit nationwide.
4. The liability limit is divided into death and disability compensation limit, medical expenses compensation limit, property loss compensation limit and compensation limit for which the insured is not liable in road traffic accidents.
5. The limit of liability of compulsory traffic insurance refers to the maximum amount of compensation that the insurance company will bear for the personal injury and property loss of all victims of each insurance accident when the insured motor vehicle has a traffic accident during the insurance period (usually one year).
The basic details of compulsory traffic insurance in this article will be explained. I hope it will be helpful to everyone.
