What Does Comprehensive Car Insurance Cover?
1 Answers
Comprehensive car insurance includes: 1. Compulsory Traffic Accident Liability Insurance: This is a mandatory insurance type stipulated by the state. Even if the vehicle does not purchase comprehensive insurance, compulsory insurance must still be obtained. Vehicles that fail to purchase compulsory insurance as required may be impounded by traffic management authorities and fined twice the amount of the insurance premium. Therefore, this is an indispensable type of car insurance. 2. Third-Party Liability Insurance: This refers to situations where the insured vehicle causes an accident due to the owner's responsibility, resulting in personal injury, death, or direct property damage to individuals other than the vehicle itself. The insurance company will provide compensation as required. 3. Vehicle Damage Insurance: Commonly referred to as collision coverage, this generally covers losses suffered by the insured vehicle due to natural disasters or accidents within the insurance liability scope. The insurance company will compensate for such losses. 4. Theft and Robbery Insurance: The main purpose of this insurance is to compensate for losses caused by the theft or robbery of the entire insured vehicle. Owners are advised to choose carefully when purchasing insurance. 5. Passenger Liability Insurance: As the name suggests, this insurance covers injuries to passengers inside the vehicle in the event of a traffic accident, for which the insurance company will provide compensation. 6. Spontaneous Combustion Loss Insurance: The insurance company will compensate for vehicle losses caused by spontaneous combustion due to fires in the electrical circuit or fuel supply system. 7. Glass Breakage Insurance: If only the glass of the car is damaged while parked, the insurance company will provide compensation.
