How much is the maximum limit of a three-party liability insurance?
The maximum limit of a car's third-party liability insurance usually ranges from 50,000 yuan to 1,000,000 yuan, with the highest limit being up to 100,000,000 yuan:
1. Motor vehicle第三者 liability insurance, also known as third-party liability insurance, is a type of insurance that covers the economic responsibilities that the insured or their authorized drivers may have to pay in case of an accident that causes personal injury or property damage to a third party while using an insured vehicle.
2. The insurance company is responsible for paying the compensation. In addition, if the insured has agreed in writing, the insurance company will also cover the costs of any arbitration or legal proceedings, up to a maximum of 30% of the limit.
3. In most places, third-party liability insurance is a强制性 insurance, and without it, vehicles cannot be registered or pass the annual inspection.