How old can a car be to purchase spontaneous combustion insurance?
1 Answers
Different insurance companies have varying regulations. For example, Ping An Auto Insurance stipulates that cars within 8 years can purchase spontaneous combustion insurance; Dadi Auto Insurance allows normal purchase within 6 years, with very low coverage for cars exceeding 6 years. Below is an introduction to spontaneous combustion insurance: 1. Introduction: Spontaneous combustion insurance, also known as the additional spontaneous combustion loss insurance for vehicles, is an additional coverage under the motor vehicle loss insurance. During the insurance period, if the insured vehicle catches fire due to issues with its own circuits, wiring, fuel lines, fuel supply system, cargo, or friction during operation. 2. Analysis: According to insurance clauses, spontaneous combustion is an exclusion under vehicle loss insurance, and insurance companies will note this in the policy. If you are concerned about your car catching fire spontaneously, you should purchase specialized spontaneous combustion loss insurance. Especially in high-temperature weather, electrical components are prone to overheating, and gasoline is more likely to evaporate, which can easily lead to spontaneous combustion if exposed to sparks. 3. Insurance Premium Rate: It is understood that different insurance companies have slight differences in their regulations, but they are generally similar. Typically, the premium for spontaneous combustion insurance is mainly related to the age of the insured vehicle and the insured amount of the vehicle loss insurance. The calculation formula is: = vehicle age rate × insured amount of vehicle loss insurance.
