How Does Auto Damage Insurance Compensate?
2 Answers
Auto damage insurance covers damages caused by collisions, fires, spontaneous combustion, storms, lightning strikes, etc. To file a claim with the insurance company, you need to submit the required claim materials as specified by the insurer. Certain insurance policies have corresponding limitations when used. For example, if a vehicle is submerged due to heavy rain while in motion, compensation will be processed under the water damage insurance. Some items require additional insurance coverage to be eligible for claims. For instance, auto damage insurance stipulates that standalone glass damage cannot be claimed under this policy.
The process of claiming car damage insurance is actually not too complicated. After an accident, you need to contact the insurance company as soon as possible to report the claim, providing details of the time and place, and it's best to take photos or videos on the spot as evidence. Then, the insurance company will send an assessor to evaluate the vehicle damage. They will calculate the compensation amount based on the market value minus the deductible. For example, last time my deductible was 500 yuan, and the repair cost was 3000 yuan, so I only paid 500 yuan while the insurance company covered the rest. The compensation method can be flexible: you can choose to receive cash and repair the car yourself, or opt for a designated repair shop for a more hassle-free experience. The key is not to settle privately with the other party, as it can easily lead to losses and delays in claims. Especially in no-fault accidents, you should still notify the insurance company to ensure coverage. It's best to regularly check the insurance policy terms and understand the deductible amount to avoid confusion when an accident occurs.
