Is Motor Vehicle Damage Insurance the Same as Auto Damage Insurance?

[SanQuinn]

Motor Vehicle Damage Insurance is indeed Auto Damage Insurance. Here is an introduction to Auto Damage Insurance: 1. Overview: Auto Damage Insurance is a type of commercial vehicle insurance. It stipulates that when the insured or an authorized driver causes damage to the insured vehicle due to an insured accident while driving, the insurance company shall compensate within reasonable limits. 2. Coverage: In the event of an insured accident, the insurer shall bear the necessary and reasonable rescue expenses paid by the insured to prevent or reduce the loss of the insured vehicle, up to the insured amount. 3. New Clauses: The new clauses in this update incorporate more driver-related factors into the rate structure and introduce a vehicle model coefficient, differentiating between high-risk and low-risk customers, thereby increasing the degree of rate differentiation.