Is No Deductible Coverage Not Available Without Vehicle Damage Insurance?
1 Answers
Yes, no deductible coverage is not available without vehicle damage insurance. No deductible coverage is attached to each main insurance type, so it is an additional coverage. If you do not purchase vehicle damage insurance, the insurance company will not cover the loss of your own vehicle. Car insurance can include compulsory traffic insurance, third-party liability insurance, and vehicle damage insurance. Below is a detailed introduction to car insurance: 1. Compulsory Traffic Insurance: Compulsory traffic insurance is a legally required insurance that every car owner must purchase. It provides the most basic insurance claims when a traffic accident occurs. In the event of an accident, compulsory traffic insurance can help the car owner cover difficult-to-pay economic compensations. The compensation amount of compulsory traffic insurance is determined based on the car owner's liability proportion in the accident and whether it causes personal injury or death. 2. Vehicle Damage Insurance: Vehicle damage insurance refers to coverage where, if the insured or an authorized driver causes an insurance accident while driving, resulting in damage to the insured vehicle, the insurance company will provide compensation within a reasonable range. The premium for vehicle damage insurance is closely related to the purchase price of the car and the number of seats. 3. Third-Party Liability Insurance: Third-party liability insurance refers to coverage where, in an accident, if a third party (excluding the driver and passengers of the insured vehicle) suffers personal injury or direct property damage, the insurance company will provide compensation according to regulations.
