Does Vehicle and Vessel Tax Include Water Wading Insurance?
2 Answers
Vehicle and Vessel Tax does not include Water Wading Insurance. Here are the specific details: Introduction to Vehicle and Vessel Tax: Vehicle and Vessel Tax is a type of tax levied on the ownership of vehicles and vessels (including cars and ships) by units and individuals. It is a local tax, determined based on the specific management measures of local tax authorities in accordance with the "Vehicle and Vessel Tax Law of the People's Republic of China" and other regulations. Introduction to Water Wading Insurance: Water Wading Insurance is a newly derived type of auto insurance, primarily referring to an additional insurance purchased by car owners for their engines. It mainly 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 being submerged, resulting in damage, the insurance company will not provide compensation.
Vehicle and vessel tax and water damage insurance are completely different things. I understood this from the moment I drove my first car. The vehicle and vessel tax is an annual tax collected by the government, calculated based on engine displacement, and paid to the tax bureau. Its uses include road maintenance and the like, and it absolutely does not cover any insurance content. Water damage insurance is an add-on to car insurance, specifically covering repair costs when a car is flooded, and must be purchased separately from the insurance company. Many beginners confuse the two, thinking that paying the tax covers everything, but if the car really gets flooded and there's no insurance, you'll have to pay for repairs out of pocket, which can be a huge loss. I've driven in southern cities for many years where flooding during the rainy season is common. A buddy of mine didn't buy this insurance and ended up spending nearly ten thousand on repairs. I recommend actively adding water damage insurance when buying car insurance—it doesn't cost much and can save a lot of hassle in critical moments. Also, always be careful not to force your way through flooded areas; safety comes first.
