Can Compulsory Traffic Insurance Cover Water-Damaged Vehicles?

[MacJoel]

Compulsory traffic insurance does not cover water damage to your vehicle because it is designed to compensate third-party vehicles and individuals. Vehicle damage can only be claimed if you have purchased auto damage insurance. Compulsory traffic insurance is mandatory by law, and you must have it to legally drive on the road. Otherwise, according to the Road Traffic Safety Law, the traffic management department of the public security authorities may impound the vehicle, require the owner to provide the corresponding license, registration, or complete the necessary procedures, and may issue a warning or impose a fine ranging from 20 to 200 yuan. Compulsory Traffic Insurance for Automobiles: The full name of compulsory traffic insurance is "Compulsory Liability Insurance for Motor Vehicle Traffic Accidents." It is a mandatory liability insurance where the insurance company compensates for bodily injury, death, and property damage caused to victims (excluding vehicle occupants and the insured) within the liability limits in the event of a road traffic accident. Premiums are based on a nationally unified standard, but prices vary depending on the vehicle type, primarily influenced by the number of seats. Compared to the over 20 exemption clauses in commercial third-party liability insurance, compulsory traffic insurance covers a much broader range, including losses caused intentionally by the victim, damage to the insured's own property, related arbitration and litigation costs, and certain indirect losses from the accident. Moreover, regardless of whether the insured vehicle is at fault in the accident, compulsory traffic insurance will compensate within the liability limits without any deductible or exemption. Introduction to Electronic Insurance Policies An electronic insurance policy refers to a digital policy issued by an insurance company with an electronic signature, using digital signature software and enterprise digital certificates compliant with the PKI system. An insurance policy, abbreviated as a policy, is the official written proof of the insurance contract between the insurer and the insured. It must fully document the rights, obligations, and responsibilities of both parties. The content recorded in the policy serves as the basis for fulfilling the contract. The insurance policy is evidence of the establishment of the insurance contract. Advantages of Electronic Insurance Policies: Saves paper resources by eliminating the need to print physical proof of insurance; Saves time and offers convenience, as it is not restricted by location or time—information can be accessed online anytime, quickly and easily; Allows for reissuance or resending, eliminating worries about losing it. If a physical copy is needed, it can be printed or mailed; Simplifies management, as electronic standardization makes it easier for insurance companies and traffic police departments to manage vehicle insurance information.