Does Comprehensive Insurance Cover Water Damage?

[CharlieAnn]

Comprehensive auto insurance does not include water damage coverage. Compulsory Traffic Accident Liability Insurance (CTPLI): CTPLI is a mandatory insurance that every vehicle owner must purchase as required by law. It provides the most basic insurance claims in the event of a traffic accident. If an accident occurs, CTPLI can assist the vehicle owner in covering economic compensation that would otherwise be difficult to pay. The compensation amount under CTPLI is determined based on the vehicle owner's proportion of responsibility in the accident and whether it results in personal injury or death. Vehicle Damage Insurance: Vehicle Damage Insurance refers to coverage where, if the insured or an authorized driver causes an insured incident while driving, resulting in damage to the insured vehicle, the insurance company will provide compensation within reasonable limits. The premium for Vehicle Damage Insurance is largely related to the purchase price of the vehicle and the number of seats.