Should I Purchase Vehicle Damage Insurance?

[AlainaMarie]

It is necessary. Currently, almost more than half of accidents are compensated through vehicle damage insurance. Vehicle damage insurance refers to a type of commercial auto insurance where the insurer compensates within reasonable limits for damages to the insured vehicle caused by an insured accident while the vehicle is being used by the insured or an authorized driver. Additional Information: The insurer is responsible for compensating for losses to the insured vehicle caused by the following reasons: 1. Collision, overturning, falling; 2. Fire, explosion, spontaneous combustion (requires separate spontaneous combustion insurance); 3. Falling or collapse of external objects; 4. Storm, tornado; 5. Lightning strike, hail, heavy rain, flood, tsunami; 6. Ground collapse, ice collapse, cliff collapse, avalanche, mudslide, landslide, earthquake.