What Does Motor Vehicle Damage Insurance Cover?

[DiHeidi]

Motor vehicle damage insurance refers to the insurance where the insurer compensates the insured for the damage or loss of the insured motor vehicle caused by accidents within the scope of insurance liability. Due to the numerous types of accidents involving insured motor vehicles, countries generally provide comprehensive insurance to expand protection for the insured. However, some high-frequency loss incidents may sometimes be listed as independent insurance types. Below is an introduction to motor vehicle damage insurance: 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 expenses incurred from using others' firefighting equipment. 2. Meaning: Motor 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 often the most expensive insurance type in private car insurance policies.