Does Water Damage Insurance Cover Transmission Water Ingress?
1 Answers
Water damage insurance does cover transmission water ingress. Below is relevant information about vehicle insurance: 1. Introduction: Vehicle insurance, also known as motor vehicle insurance, commonly referred to as auto insurance. 2. Classification: Commercial insurance is an open policy insurance, divided into basic insurance and additional insurance, with additional insurance being non-independent. Basic insurance includes third-party liability insurance and vehicle damage insurance (comprehensive coverage); Additional insurance includes full vehicle theft insurance (theft coverage), onboard liability insurance, no-fault liability insurance, cargo falling liability insurance, standalone glass breakage insurance, vehicle downtime loss insurance, spontaneous combustion loss insurance, newly installed equipment loss insurance, and special waiver of deductible insurance. Compulsory traffic insurance (i.e., compulsory motor vehicle traffic accident liability insurance) also falls under the broad category of third-party liability insurance. Compulsory traffic insurance is mandatory, and motor vehicles must purchase it to be legally driven, undergo annual inspections, and be registered. When third-party losses require claims, compulsory traffic insurance must be paid out first before other insurance types.