What Are the Commercial Insurance Options for Sedans?
2 Answers
Here is a detailed introduction to commercial insurance options for sedans: 1. Scratch Insurance: Covers the repair costs for scratches caused by others during use (without obvious collision marks). 2. Vehicle Damage Insurance: Primarily compensates for losses to the vehicle in single-party accidents, excluding standalone glass damage or losses incurred while parked. If the responsible party cannot be identified, 30% of the loss is compensated. Collision accidents are compensated based on the proportion of liability. The premium increases with the purchase price of the vehicle. 3. Third-Party Liability Insurance: The coverage is similar to compulsory traffic insurance but only compensates after compulsory insurance has been exhausted. Compensation is based on the proportion of liability in the accident. The premium varies according to the coverage amount. 4. Passenger Liability Insurance: Covers medical expenses for injuries sustained by passengers in the vehicle. The premium varies with the coverage amount, typically ranging from 100 to 200 yuan. 5. Theft and Robbery Insurance: Compensates for the vehicle if it is stolen, including damage or loss caused by theft. The premium is calculated based on the vehicle's purchase price multiplied by the depreciation rate and is generally affordable.
As a cautious car owner, my years of driving experience have made me realize there are quite a few types of commercial auto insurance. The core is third-party liability insurance, which covers others' losses in case of an accident—this is essential. Vehicle damage insurance covers your own car's repair costs, handling everything from scratches to collisions. Theft insurance protects against burglary and theft, especially recommended when parking outdoors. Passenger liability insurance safeguards passengers' safety; since I have kids, this is a must-have. No-deductible insurance simplifies claims, meaning you don't have to pay out of pocket. There are also many additional coverage options, like standalone glass breakage insurance, which covers windshield damage; waterlogging insurance for rainy seasons; and spontaneous combustion insurance to prevent vehicle fires. I recommend choosing based on your driving habits—for city commuting, prioritize third-party, vehicle damage, and no-deductible coverage. If the budget allows, go for comprehensive insurance for peace of mind. In short, insurance isn’t a waste of money but a way to mitigate risks.
