What Does Motor Vehicle Damage Insurance Cover in 2021?
2 Answers
Motor vehicle damage insurance includes collision coverage, zero deductible coverage, natural disaster coverage, glass coverage, water damage coverage, scratch coverage, and uninsured third-party coverage. Motor vehicle damage insurance is a type of commercial insurance that is optional for vehicle owners and not mandatory. The coverage scope and important notes of motor vehicle damage insurance are as follows: Coverage Scope of Motor Vehicle Damage Insurance: Motor vehicle damage insurance generally covers vehicle losses caused by collisions, falling objects, spontaneous combustion, fire, explosion, storms, heavy rain, mudslides, landslides, etc. Additionally, it covers necessary and reasonable rescue expenses paid by the policyholder to prevent or reduce the loss of the insured vehicle after an insured incident. The insurance company is responsible for claims within the coverage limits. Important Notes: Window film is not covered; logo damage is not covered; additional equipment damage is not covered; damage during glass installation or vehicle repairs is not covered.
Last year, I renewed my 2021 Motor Vehicle Damage Insurance, which primarily covers losses to my car in accidents. If I get into a collision or my car is hit by another vehicle, the insurance company will cover most of the repair costs. In cases of theft or total robbery of the vehicle, they can also compensate for the new car price. Natural disasters are covered too—for example, if the garage floods during heavy rain or a typhoon causes a tree to fall on the car. The reform made it even more considerate—previously, I had to buy separate glass insurance, but now, if the glass breaks, it’s directly covered. Additionally, if I accidentally hit a wall or roll into a ditch while driving, the insurance company handles it pretty quickly, though I have to bear a small deductible. I find this very important, especially in big cities with complex traffic, to avoid emptying my wallet on repair costs. Minor scratches from regular car washes aren’t covered, but accident-related damages are mostly fully covered, saving me a lot of hassle.
