Is No Deductible Coverage Unavailable Without Purchasing Vehicle Damage Insurance?
1 Answers
If you do not purchase vehicle damage insurance but have third-party liability insurance, you can still buy no deductible coverage. No deductible coverage can only be purchased as an add-on to commercial insurance and cannot be sold separately. Below is relevant information about auto insurance: 1. No Deductible Coverage: No deductible coverage is an add-on that requires a 'primary insurance' as a prerequisite for purchase and cannot be bought independently. Its insurance liability typically refers to 'after a special agreement, in the event of an accident, the portion of the deductible amount calculated according to the deductible rate stipulated in the primary insurance policy, which should be borne by the insured, will be covered by the insurance company within the liability limit.' The process for no deductible coverage is the same as that for regular insurance claims. 2. Vehicle Damage Insurance: Vehicle damage insurance under auto insurance is a commercial insurance and is voluntary to purchase. Vehicle Damage Insurance: When the insured or an authorized driver causes an insurance accident while driving the insured vehicle, resulting in damage to the insured vehicle, the insurance company will compensate within a reasonable range. Common types of vehicle damage include collisions, overturning (rollover), and natural disasters (such as hailstorms, heavy rain, explosions, etc.).
