Semi-trailer insurance commonly includes compulsory traffic accident liability insurance (CTALI) and commercial insurance. CTALI is mandatory and its cost is relatively fixed, but it varies depending on factors such as the number of seats and tonnage of the vehicle. Generally, the cost of CTALI for a semi-trailer is around several thousand yuan.
Commercial insurance includes vehicle damage insurance, third-party liability insurance, and passenger liability insurance. Vehicle damage insurance mainly covers losses to the vehicle itself, and the cost is related to the vehicle's value; the higher the vehicle's value, the higher the cost of vehicle damage insurance. Third-party liability insurance covers personal injury and property damage caused to third parties in an accident; the cost varies depending on the coverage amount. For example, there will be a significant difference in premiums between choosing coverage of 500,000 yuan and 1 million yuan. Passenger liability insurance protects the safety of passengers in the vehicle, and its cost is relatively low.
