Is Motor Vehicle Damage Insurance the Same as Auto Damage Insurance?
1 Answers
Motor Vehicle Damage Insurance includes Auto Damage Insurance. Here are the specific details: 1. Coverage: Motor Vehicle Damage Insurance refers to the insurer compensating the insured for the damage or loss of the insured motor vehicle caused by accidents within the scope of insurance liability, with compensation provided by the insurer according to the insurance contract. 2. Types: Collision, overturning, falling; fire, explosion; falling or collapsing of external objects; storms, tornadoes; lightning, hail, rainstorms, floods, tsunamis; ground collapse, ice hazards, cliff collapse, mudslides, landslides; natural disasters affecting ferries carrying insured vehicles.