Is Vehicle Damage Insurance Fully Compensated?
1 Answers
Vehicle damage insurance is not fully compensated. First, the compensation amount is determined based on the liability to be borne in the traffic accident, then the deductible is subtracted, and the final amount received is the compensation. However, if the non-deductible insurance is also purchased, full compensation can be obtained. Below is additional information: Vehicle damage insurance covers the following: The insurer is responsible for compensation if the insured vehicle is damaged due to the following reasons during use by the insured or their permitted drivers. Collision, overturning, falling. Fire, explosion. Falling or collapsing of external objects. Lightning, storm, heavy rain, flood, tornado, hail, typhoon, tropical storm. Ground collapse, cliff collapse, landslide, mudslide, avalanche, ice collapse, blizzard, ice, sandstorm.