What Does Motor Vehicle Damage Insurance Cover?
2 Answers
Motor vehicle damage insurance refers to the coverage for losses incurred by the insured vehicle due to natural disasters (excluding earthquakes) or accidents within the scope of insurance liability, resulting in damage to the insured vehicle itself. Below is relevant information: 1. Benefits: The insured vehicle can receive compensation for repair costs due to damage caused by insured accidents, as well as reasonable rescue measures taken by the owner. When rescuing the insured vehicle, the insurance company should compensate for the reasonable costs incurred by using others' firefighting equipment. 2. Meaning: Vehicle damage insurance covers losses to the insured vehicle caused by natural disasters (excluding earthquakes) or accidents within the scope of insurance liability. It is typically the most expensive premium among private car insurance policies.
I've been driving for many years. Simply put, motor vehicle damage insurance covers various accidental losses to your own car, including repair costs if you hit guardrails, repairs after the car is burned or flooded by heavy rain, and compensation if the entire car is stolen. Some policies also cover situations like hail-damaged glass or dents caused by typhoons, but this depends on the specific insurance company and policy details. I once had a minor accident with body scratches, and the insurance company covered all repair costs, which was both worry-free and cost-saving. I remind everyone to regularly check the vehicle's condition, such as tire pressure, to reduce the likelihood of accidents. Don't overlook the deductible provisions in the insurance policy; choosing reasonable coverage is more cost-effective.
