Can water damage be claimed without purchasing water damage insurance?
1 Answers
Water damage cannot be claimed without purchasing water damage insurance. Below is a detailed introduction to auto insurance: 1. Compulsory Traffic Insurance: Compulsory traffic insurance is a legally required insurance that every car owner must purchase. It provides the most basic insurance coverage when a traffic accident occurs. In the event of an accident, compulsory traffic insurance helps the owner cover economic compensation that would otherwise be difficult to pay. The compensation amount under compulsory traffic insurance is determined based on the owner's liability proportion in the accident and whether it results in personal injury or death. 2. Vehicle Damage Insurance: Vehicle damage insurance covers damage to the insured vehicle caused by an accident involving the insured or an authorized driver. The insurance company will provide compensation within reasonable limits. The premium for vehicle damage insurance is closely related to the vehicle's purchase price and the number of seats. 3. Third-party Liability Insurance: Third-party liability insurance covers direct damage to third-party personal injury or property (excluding the driver and passengers of the insured vehicle) caused by an accident, with compensation provided by the insurance company according to regulations.
