Does Full Coverage Auto Insurance Cover All Damages?

[Troy]

Full coverage auto insurance does not necessarily provide 100% compensation. The introduction to full coverage auto insurance is as follows: Types of Full Coverage Auto Insurance: Vehicle Damage Insurance, Third-Party Liability Insurance, Comprehensive Theft Insurance, On-Board Liability Insurance, Cargo Drop Liability Insurance, Windshield Glass Breakage Insurance, Vehicle Parking Loss Insurance, Spontaneous Combustion Loss Insurance, Newly Added Equipment Loss Insurance. Introduction to Full Coverage Auto Insurance: Vehicle Damage Insurance covers compensation for losses to the insured vehicle caused by natural disasters or accidents. Third-Party Liability Insurance covers compensation for bodily injury or direct property damage to third parties caused by accidents during vehicle use. Comprehensive Theft Insurance covers compensation for total loss of the vehicle due to theft, robbery, or seizure, as well as damage to the vehicle or loss of parts and accessories. On-Board Liability Insurance covers compensation for bodily injury to passengers and direct damage to goods on board caused by accidents.

[LaAaliyah]

I've seen many people buy comprehensive car insurance thinking the insurer covers everything in case of an accident, but that's not the case. Last year, my car was hit and the repairs cost over 10,000 yuan, but the insurance company only paid 9,500, leaving me to cover the 500 yuan deductible. Comprehensive insurance mainly covers collision losses like car crashes or hitting a tree, as well as comprehensive risks such as theft or fire, but the deductible means you must bear part of the cost. Additionally, natural disasters like earthquakes or terrorist attacks might not be included in the policy, and insurers also set compensation limits—anything beyond that is your responsibility. Don't expect coverage for natural wear and tear of parts either. So, even with comprehensive insurance, don’t take it lightly. Read the terms carefully to save money and hassle. Regular car maintenance and staying alert to external risks can prevent last-minute chaos when accidents happen.

[MacSara]

Hey buddy, the name 'comprehensive insurance' sounds awesome, but don't take it for granted! When I first bought my new car and got a small dent, the insurance company quoted a price, but I still had to pay a deductible of a few hundred bucks – super frustrating. The key lies in the contract details: comprehensive insurance covers major risks like accidents or theft, but minor scratches, small damages, or glass breakage might not be included in the standard policy, let alone natural wear and tear on parts. Some incidents, like storms or floods, might even be excluded, and the coverage limit isn’t always high—meaning you could end up paying out of pocket for major losses. When buying car insurance, compare additional coverage options from different companies and opt for a plan with a lower deductible for better value. And always drive carefully to avoid unnecessary expenses!

[EleanorLynn]

Comprehensive insurance doesn't cover all losses, which I always double-check when purchasing. Insurers set deductibles, meaning you'll bear part of the costs after an accident. Coverage limits also cap payouts for major losses. Contracts typically exclude intentional damage, drunk driving accidents, natural wear and tear, or specific natural disasters. Liability determination affects compensation ratios too - you'll only get full reimbursement when the other party is fully at fault. Always read the deductible clauses and coverage scope carefully during purchase, don't just rely on marketing claims. Consider adding riders like glass coverage for extended protection. Maintaining your vehicle's components can prevent minor issues from escalating into major losses.