Is No-Deductible Insurance a Commercial Insurance?

[ArielDella]

No-deductible insurance refers to an additional coverage that can be added to a commercial insurance policy (such as auto damage insurance or third-party liability insurance). Here are the relevant details: 1. Prerequisite: As an add-on coverage, no-deductible insurance requires the policyholder to first purchase a "main insurance" policy and cannot be purchased separately. 2. Coverage: Its insurance liability typically means "as specially agreed, after an accident occurs, the insurance company will be responsible for compensating the deductible amount (calculated according to the deductible rate stipulated in the main insurance policy clauses) that should be borne by the insured within the liability limit." Generally speaking, by purchasing this coverage, the policyholder can transfer the 5% to 20% compensation liability that would originally be their responsibility to the insurance company.