Vietnam Compulsory Car and
In Vietnam car and motorbike insurance are compulsory
Compulsory car or motor insurance are not valid for Expat needs and standards
Notwithstanding the owners only care for the purchase for the value of the car and no passenger cover.
The compulsory car or motor insurance is not enough: limit is $4300/ injury or material damage. Voluntary insurance top-up is needed
- Cover for additional driver
- 3rd party top-up cover for material damage and bodily injuries
- Life and medical costs for driver and passengers
- Car value for original parts
- Cover for flooded cars
Car insurance in Vietnam
One size fits all is not applicable in the car insurance market. Each insurer is specialized and maintain a reputation in one segment of the market; new cars, luxury cars or mainstream used cars. Some use their network of garage to reduce costs and other let you access the original Makers maintenance network.
With abuses most car insurers will adjust their strategy and claim refund policies to adjust their losses. Our consultants for car insurance review every year, whom applies the best practices