Is it okay not to buy vehicle damage insurance?
1 Answers
Vehicle damage insurance is optional because it is a commercial insurance, and car owners can choose to purchase it or not based on their needs. However, it is recommended that car owners still purchase vehicle damage insurance, as traffic accidents during driving may cause vehicle damage. If vehicle damage insurance is purchased, the insurance company will be responsible for compensating the reasonable costs incurred. Below is a detailed introduction to commercial vehicle insurance: 1. Vehicle damage insurance: Used to compensate for losses caused by natural disasters and accidents to the vehicle itself. It is recommended for new drivers to purchase. 2. Third-party liability insurance: Used to compensate for losses caused by the car owner to third-party personal injuries or deaths. This must be purchased as it provides protection for both yourself and others. 3. No-deductible insurance: An additional insurance that transfers the responsibility the car owner needs to bear to the insurance company, reducing the car owner's losses. If both vehicle damage insurance and third-party liability insurance are purchased, it is best to also purchase no-deductible insurance. 4. Theft and robbery insurance: Used to compensate for damages caused by vehicle theft, robbery, or seizure. It is recommended for car owners without a garage to purchase. 5. Passenger liability insurance: Used to compensate for losses caused to the driver and passengers in the vehicle due to traffic accidents. Premiums are generally paid per seat. It is recommended for new drivers or family vehicles to purchase. 6. Spontaneous combustion insurance: Used to compensate for losses caused by fires due to the vehicle's electrical appliances, wiring, or other internal reasons. It is suitable for older vehicles. 7. Glass breakage insurance: Used to compensate for the separate breakage of the windshield and window glass. The cost of replacing glass is very expensive, so it is recommended for vehicles often driven in unsafe areas to purchase. 8. Body scratch loss insurance: Used to compensate for losses caused by human, malicious, or accidental scratches during driving.
