What are the main types of commercial auto insurance?
2 Answers
Commercial auto insurance mainly includes: vehicle damage insurance, third-party liability insurance, passenger liability insurance, total vehicle theft insurance, separate glass breakage insurance, vehicle downtime loss insurance, spontaneous combustion loss insurance, additional equipment loss insurance, engine water ingress insurance, no-fault liability insurance, substitute vehicle expense insurance, body scratch loss insurance, deductible waiver clause, on-board cargo liability insurance, and various other types of coverage. When purchasing insurance, car owners must choose larger insurance companies, as such insurers generally have more service outlets, faster claim settlement times, and a larger customer base. When making a purchase, they can decide on the types of coverage based on their driving habits to ensure comprehensive protection.
When purchasing car insurance, I pay special attention to the commercial insurance items, which are mainly divided into these major categories. Collision insurance is for repairing your own car, covering incidents like hitting trees or walls; third-party liability insurance is the most practical, covering damages to other people's cars and injuries, and with many luxury cars on the road now, it's recommended to insure for at least 2 million; passenger liability insurance, also known as seat insurance, covers medical expenses for the driver and passengers, making it suitable for car owners who frequently carry passengers. Additionally, options like theft insurance, glass insurance, and water damage insurance are add-ons. For example, water damage insurance only covers engine damage due to water ingress, which is especially useful during the rainy season in the south. Scratch insurance is suitable for new cars, while spontaneous combustion insurance is a key consideration for older vehicles. When buying, don’t just look at the price; choose the items based on your driving environment. The needs of those who frequently drive long distances differ significantly from those who use their car for city commuting.
