What Does Motor Vehicle Damage Insurance Cover?

[KevinAnn]

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.