Is my own vehicle not covered if I don't have collision insurance?
1 Answers
If your vehicle doesn't have collision insurance, it won't be covered. Compulsory traffic insurance and third-party liability insurance only cover damages to the other party's vehicle; only collision insurance provides compensation for your own vehicle's damages. Here's what collision insurance covers: Scope of collision insurance coverage: During the insurance period after purchasing the policy, the insurer is responsible for compensating for accidents or natural disasters (excluding earthquakes) that occur while the insured or an authorized driver is using the vehicle. However, if situations specified in the insurance contract occur, such as the insured or an authorized driver operating the vehicle without a license or under the influence of alcohol, the insurer may be exempt from liability. Who should consider purchasing collision insurance: Novice drivers, new cars, and high-value vehicles: Novice drivers are more prone to accidents due to their lack of driving experience; owners of new cars often want to protect their vehicles from significant damage in case of an accident, so collision insurance is recommended for both new drivers and new cars. High-value vehicles generally have higher repair costs than ordinary vehicles, so purchasing collision insurance can help avoid the financial burden of unexpectedly high repair expenses in case of an accident.
