Should You Purchase Motor Vehicle Damage Insurance?
2 Answers
Whether to purchase motor vehicle damage insurance depends on the car owner's preference. It is a type of commercial auto insurance and is not mandatory. If motor vehicle damage insurance is not purchased, the car owner will need to bear the vehicle repair costs in the event of an accident. However, if the insurance is purchased, the owner can file a claim and receive compensation from the insurance company. The coverage of motor vehicle damage insurance includes the following: 1. External force damage: Collision, overturning, falling; accidental collision, where the insured vehicle suffers damage due to accidental impact with external objects, rollover, or other accidents. 2. External object damage: Damage caused by falling or collapsing external objects, such as the insured vehicle being struck by collapsing objects, falling airborne objects, or parallel falling during the vehicle's operation. 3. Natural disasters: Tornadoes, lightning strikes, floods, tsunamis, ground collapse, ice collapse, cliff collapse, avalanches, mudslides, landslides, fires, and explosions.
As a veteran driver with over 20 years of experience, I must say that comprehensive car insurance is absolutely worth buying. When you're on the road, anything can happen—rear-end collisions, scratches, even natural disasters. Once when I was on a business trip, my car parked by the roadside got hit. Without insurance, I would have had to pay for the repairs myself, costing me tens of thousands. Comprehensive insurance helps share these risks, especially for new cars or financed vehicles, protecting your investment. The premium, ranging from a few hundred to a few thousand annually, might seem expensive, but it's better than suddenly shelling out a large sum. Drive carefully day to day, but risks are unpredictable—insurance is an essential safety net. I recommend choosing coverage based on your car's value and the risk level of your area; places with chaotic city traffic or unpredictable weather should consider it even more. Don't skimp on this expense—it's too late when something happens. Regularly review your policy and talk to your insurer about discounts; saving a bit is always a plus.
