Do You Need to Pay for Car Repairs If You Have Insurance?
1 Answers
Reporting to insurance for car repairs may not require any out-of-pocket expenses. After a traffic accident occurs, if the traffic police determine that you are fully at fault, the insurance company will cover 80% of the third-party losses; if you are primarily at fault, the insurance company will cover 85%; if you share equal responsibility, the insurance company will cover 90%; and if you are secondarily at fault, the insurance company will cover 95%. Below is a detailed introduction to car insurance: 1. Compulsory Traffic Accident Liability Insurance: This is a mandatory insurance required by law for every car owner. It provides the most basic insurance coverage when a vehicle is involved in a traffic accident. In the event of an accident, this insurance helps the owner cover economic compensation that may be difficult to pay. The compensation amount is determined based on the owner's proportion of responsibility in the accident and whether it resulted in personal injury or death. 2. Vehicle Damage Insurance: This insurance covers damage to the insured vehicle caused by an accident while being driven by the insured or an authorized driver. The insurance company will compensate within reasonable limits. The premium for this insurance is closely related to the vehicle's purchase price and the number of seats. 3. Third-Party Liability Insurance: This insurance covers direct damage to third-party personal injury, death, or property (excluding the driver and passengers of the insured vehicle) caused by an accident. The insurance company will compensate according to regulations.
