Can New Energy Vehicles Be Insured?
1 Answers
New energy vehicles can be insured. Introduction to Vehicle Insurance: Vehicle insurance, also known as motor vehicle insurance or auto insurance, refers to a type of commercial insurance that covers liability for personal injury, death, or property damage caused by natural disasters or accidents involving motor vehicles. Classification of Vehicle Insurance: Commercial insurance is an open policy insurance, divided into basic insurance and additional insurance, with the latter not being independently insurable. Basic insurance includes third-party liability insurance and vehicle damage insurance; additional insurance includes comprehensive theft insurance, onboard liability insurance, no-fault liability insurance, liability insurance for falling cargo, standalone glass breakage insurance, vehicle downtime loss insurance, spontaneous combustion loss insurance, new equipment loss insurance, and deductible waiver insurance.