What are the four basic types of car insurance?
1 Answers
Car four basic insurance are vehicle damage insurance, third-party liability insurance, no-deductible insurance, and passenger insurance. The following is the relevant introduction: Vehicle damage insurance: Vehicle damage insurance, abbreviated as 'vehicle loss insurance', is the most widely used type of vehicle insurance. Whether it's minor scratches or serious damage, the insurance company will cover the repair costs. Third-party liability insurance: Third-party liability insurance refers to the financial liability that the insured or their permitted drivers must bear for accidental injuries or direct property damage to third parties caused by the use of the insured vehicle during an accident, which the insurance company is responsible for compensating. No-deductible insurance: No-deductible insurance means that if an accident within the scope of insurance liability occurs to a vehicle insured with vehicle damage insurance and third-party liability insurance, resulting in vehicle damage (excluding theft) or third-party liability compensation, the insurer is responsible for compensating the amount stipulated in the 'Terms'. Passenger insurance: Passenger insurance refers to the financial liability that the insured must bear for personal injuries or deaths of passengers in the insured vehicle caused by an accident during the use of the insured vehicle by the insured or their permitted legal drivers during the insurance period, for which the insurer is responsible for compensating according to the provisions of this insurance contract.
