What does 'No Deductible' mean in car insurance?
1 Answers
Car No Deductible Insurance is a type of commercial insurance, with the full name being 'No Deductible Rate Special Clause'. It is an additional coverage that requires a 'main insurance' policy to be purchased and cannot be bought separately. The detailed introduction is as follows: Additional Deductible Rate: Auto insurance clauses stipulate that the claim scope of No Deductible Insurance does not include additional deductible rates. Typically, the conditions for implementing additional deductible rates include multiple claims, claims by non-designated drivers, violations of safety loading regulations, or increased deductible rates due to the lack of claim documentation by the car owner during theft insurance claims. Third-Party Accident Not Found: Insurance companies set a separate absolute deductible rate, usually 30% or 50%, for car damage accidents where the third party cannot be found. However, such deductible rates are not covered under the No Deductible Insurance claim scope. Difficulty in Determining Accident Liability: Sometimes, during the process of handling a traffic accident through mutual agreement, car owners fail to take accident photos or mark the tire tracks before moving their vehicles away from the scene, making it difficult for insurance companies to objectively and accurately determine liability. Alternatively, if one car owner feels the damage is minor and leaves the scene, preventing the other owner from assisting the insurance company in inspecting both damaged vehicles, the insurance company will apply a separate deductible rate as the basis for the claim.
