Does Vehicle and Vessel Tax Include Water Damage Insurance?

[Maya]

Vehicle and Vessel Tax does not include water damage insurance. 1. Introduction to Vehicle and Vessel Tax: Vehicle and Vessel Tax is a type of tax levied on the owners of vehicles and vessels (cars and ships). It is a local tax, determined based on the specific management measures of local tax bureaus, in accordance with the "Vehicle and Vessel Tax Law of the People's Republic of China" and other regulations. 2. Introduction to Water Damage Insurance: Water damage insurance is a newly derived type of auto insurance, which mainly refers to an additional insurance purchased by car owners for their engines. It primarily provides compensation for engine damage caused by driving through waterlogged roads or being submerged in water. However, if the car owner forcibly starts the engine after submersion, causing damage, the insurance company will not provide compensation.

[DiCharlotte]

The vehicle and vessel tax indeed does not include water damage insurance, which is a common misconception. The vehicle and vessel tax is an annual government levy determined by your vehicle's engine displacement, and once paid, that's it. Water damage insurance, on the other hand, is an additional option under commercial auto insurance, specifically covering losses caused by vehicle submersion, and it requires a separate purchase. I remember one heavy rainy day when my car parked roadside got flooded, only to find out upon checking my insurance that water damage coverage wasn't included in the vehicle and vessel tax—it needed extra enrollment to cover repair costs. So, never expect taxes to replace insurance, especially in areas prone to heavy rainfall. It's wiser to promptly contact your insurer to add this coverage, preventing unexpected losses.

[VanKevin]

Vehicle and vessel tax and water damage insurance are completely different things, don't confuse them. Simply put, vehicle and vessel tax is the annual fee every car owner must pay, like a vehicle registration fee that the government collects for public services. As for water damage insurance? It's an optional add-on to your auto insurance policy that covers repair costs if your car gets flooded. For example, if you live in a riverside city where heavy rains often cause concerns, getting water damage coverage becomes particularly important. Taxes only collect money without providing compensation, while insurance exists to protect you - just check your policy details to understand the difference. Don't underestimate flood risks, it's wise to secure this additional coverage early.

[EliRose]

Vehicle and vessel tax does not include water damage insurance. As a fixed tax, the vehicle and vessel tax is paid annually, with the amount determined by the vehicle's weight or engine displacement. Water damage insurance, on the other hand, must be purchased through an auto insurance company as an additional coverage, protecting against vehicle damage caused by floods or waterlogging. The premium rate is assessed by the insurance company, with costs varying based on regional risk levels. Taxation and insurance functions are managed separately to ensure no confusion. During seasons prone to flooding, it is advisable to review your auto insurance policy and promptly add water damage coverage if not already included.

[LaRebecca]

Vehicle and vessel tax is like paying rent for your car—just an annual fee, but water damage insurance is your life-saving umbrella. When floods come, the tax won't cover a penny of your losses; you’ll need the water damage insurance you bought in advance to cover it. A friend of mine once parked his car in an underground garage during a heavy rainstorm, and it got flooded—repairs cost tens of thousands. He deeply regretted not adding this coverage. Taxes and insurance are two different things: one is collected by the government, the other is a commercial service. Don’t mistakenly think paying taxes covers everything. If summer brings heavy rains, hurry and contact your insurer to add this layer of protection. Driving with peace of mind is what matters most.