Should I Purchase the Third-Party Liability Without Deductible?
3 Answers
Do not purchase the third-party liability without deductible. After September 19, 2020, auto insurance underwent significant reforms, which removed controversial additional coverages such as the non-deductible third-party liability, non-deductible vehicle damage, water damage insurance, and glass insurance. These have been directly incorporated into the vehicle damage insurance and third-party liability insurance. Introduction to Vehicle Insurance: Vehicle insurance (also known as motor vehicle insurance or auto insurance, referred to as car insurance) is a type of property insurance that covers the vehicle itself and third-party liability. It compensates for personal injury or property damage caused by natural disasters or accidents involving motor vehicles. Classification of Vehicle Insurance: Vehicle insurance can be divided into commercial insurance and compulsory traffic insurance (CTPL). Commercial insurance further includes two parts: main vehicle insurance and additional insurance. The primary clients of vehicle insurance are legal entities and individuals who own various motor vehicles. Definition of Vehicle Insurance: A widely available insurance type in China, it covers motor vehicles such as cars, electric vehicles, motorcycles, and tractors as the subject of auto insurance. Vehicle insurance can be categorized into commercial insurance and compulsory traffic insurance. Commercial insurance also consists of two parts: main vehicle insurance and additional insurance.
I've been driving for over a decade, navigating through chaotic city traffic where minor fender benders sometimes happen unexpectedly. The third-party liability insurance with non-deductible coverage is an add-on to standard third-party insurance, meaning the insurer covers all accident-related payments without requiring me to pay any deductible. The premium is slightly higher, costing a few hundred yuan more annually, but it brings peace of mind. Once, I rear-ended another car, and the repair bill ran into thousands. Without this coverage, I would have had to pay hundreds out of pocket as deductible. With today's soaring repair costs—even a minor scratch can cost over a thousand—I recommend this add-on for frequent drivers or those often stuck in congested areas. It's a small investment against major losses. Skipping it could mean facing heavy financial pressure in case of a serious accident, making it far costlier in the long run.
I'm quite particular about safety when driving, believing that preventing risks is far better than dealing with the aftermath. I think it's essential to purchase the third-party liability insurance with no deductible, as it makes the coverage more comprehensive and prevents me from paying the deductible out of pocket in case of an accident. Typically, the deductible ranges from a few hundred to over a thousand yuan. The additional premium isn't much—just a few dozen yuan per month—but it buys peace of mind for the entire year. For example, a neighbor in my community didn't buy this coverage and ended up paying an 800-yuan deductible for a minor accident, which was quite painful. I've analyzed the data: urban driving carries higher risks, with frequent scenarios like starting at red lights or getting rear-ended. Buying this coverage is like adding an extra layer of protection. Skipping it might save a little money, but the actual cost could be higher, especially for those with less driving experience who are more prone to accidents.
