What Does Comprehensive Vehicle Insurance Include?
2 Answers
Comprehensive vehicle insurance typically includes compulsory traffic insurance, vehicle damage insurance, no-deductible insurance, third-party liability insurance, passenger liability insurance, full vehicle theft insurance, scratch insurance, separate glass breakage insurance, water-related damage insurance, and spontaneous combustion insurance. Detailed information: Vehicle Damage Insurance: This is one of the most basic types of auto insurance. When the vehicle suffers damage due to natural disasters or accidents covered by the insurance policy, the insurance company will compensate according to the contract terms. Third-Party Liability Insurance: When the policyholder or an authorized qualified driver is using the insured vehicle and causes injury, death, or property damage to a third party due to an accident, compensation can be obtained as per the contract. Compulsory Traffic Insurance: This is a mandatory insurance required by the state. If the insured vehicle causes personal injury, death, or property damage due to a traffic accident, compensation can be provided within the liability limits.
Comprehensive auto insurance generally includes several key components. Compulsory traffic insurance is a legal requirement, covering personal injury or death of the other party; commercial third-party liability insurance compensates for others' property damage, such as damaging someone else's car; vehicle damage insurance covers your own vehicle's damage in accidents, including rear-end collisions or scratches; theft insurance protects against the risk of the car being stolen; and passenger liability insurance covers injuries to passengers inside the car. Having driven for half my life, I've experienced all sorts of situations, like a hailstorm shattering the windshield, where vehicle damage insurance quickly covered the repairs. Comprehensive insurance provides a safety net for drivers, especially saving significant costs in case of highway accidents, avoiding out-of-pocket expenses. Regularly reviewing your policy ensures full coverage, making for more secure driving.
