Auto insurance is compulsory insurance for car buyers according to the provisions of law. However, most drivers are wondering whether to buy one-way or two-way car insurance that best suits their needs. Join us to find out the top 1 information to know about 1-way and 2-way car insurance in the article below!
One-way auto insurance is a type of insurance to compensate or pay the driver for causing damage to his body or property of the third party. That is, when the car owner causes an accident, the insurance company will responsible for compensation for damages or payment of repair costs to third parties.
2-way auto insurance is a type of insurance including both liability liability insurance and car material insurance. When you join this insurance, in addition to being insured by the insurance company for compensation for damage to the 3rd party, you will also reduce the financial burden on your car's repair costs.
This is the amount of money that car owners must pay to the insurance company when they need to buy one-way or two-way car insurance. For one-way auto insurance, it will be regulated based on the Circular No. 1/2 / TT-BTC of the Ministry of Finance. Specifically, the civil liability to compensate the third person for damage caused by the car owner is VND 1 million / person and the damage to property is VND 22 million / accident.
As for two-way auto insurance, it depends on each insurance company and ranges from 2 to 1,4% of the value of the car. Besides, this fee depends on the terms of the contract. Owning this insurance is considered a smart solution to help you reduce the financial burden when risks occur due to accidents, scratches ....
The above has shared the top 4 information to know about 1-way and 2-way car insurance. Thereby, depending on your needs as well as your budget, you will choose the appropriate car insurance. From there help me feel more secure in the process of using this car.
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