What does motor vehicle loss insurance mean?

[PiperRose]

Meaning of vehicle loss insurance: Vehicle loss insurance refers to the coverage where an insured vehicle suffers damage due to natural disasters (excluding earthquakes) or accidents within the scope of insurance liability, resulting in the loss of the insured vehicle itself. It is typically the most expensive premium among private car insurance policies. According to regulations, it mainly includes the following aspects: 1. External force damage: Collision, overturning, falling; losses to the insured vehicle caused by accidental collisions (unintentional impact between the insured vehicle and external objects), rollovers, and similar accidents. 2. External object damage: Falling or collapsing external objects; losses to the insured vehicle caused by the collapse of external objects, falling airborne objects, or the insured vehicle falling parallel while in motion. 3. Natural disasters: Tornadoes; lightning strikes, floods, tsunamis; ground collapse, ice collapse, cliff collapse, avalanches, mudslides, landslides; fire, explosion.