Should 'luxury car insurance' be mandatory?

Dean (China)

Legally, the party at fault shall compensate the other party for the losses it suffered as a result of the wrong doing, regardless of their family background or income levels. And luxury car insurance can also be good for these drivers, because when the erring party cannot afford the repairing fees, they can get compensation from the insurance company. This also reduces the luxury car drivers’ economic loss.

An Aston Martin was hit by a taxi in Beijing. [Photo/CFP]