What does motor vehicle loss insurance mean?

[DiBrady]

Motor vehicle loss insurance refers to vehicle damage insurance. Here is a related introduction to vehicle damage insurance: 1. Benefits: If the insured vehicle is damaged due to an accident covered by the insurance and requires repair costs, as well as reasonable rescue measures taken by the owner, compensation can be obtained. When rescuing the insured vehicle, the reasonable costs incurred from using others' firefighting equipment should be compensated by the insurance company. 2. Meaning: Vehicle damage insurance refers to the loss of the insured vehicle caused by natural disasters (excluding earthquakes) or accidents within the scope of insurance coverage. It is the insurance type with the highest premium among most private car insurance policies.