What does the absolute deductible of 0 yuan per claim in auto damage insurance mean?
2 Answers
Auto damage insurance with an absolute deductible of 0 yuan means there is no deductible, and the insurance company will fully cover the claim costs after an incident. An absolute deductible refers to a threshold below which the insurance company absolutely does not bear any compensation responsibility. The insurer will only cover the portion exceeding the agreed deductible amount in the contract. Here is additional information: 1. Auto damage insurance is a type of commercial vehicle insurance where the insurer compensates within reasonable limits for damage to the insured vehicle caused by an accident involving the insured or an authorized driver. 2. Auto damage insurance and third-party liability insurance are basic vehicle insurance policies, primarily covering losses to the insured vehicle and damages caused by the insured vehicle to third parties during use.
When dealing with auto damage insurance, I came across the option of an absolute deductible of 0 yuan per claim. This simply means that every time I file a claim for car repairs, the insurance company covers all costs in full, and I don’t have to pay a single cent out of pocket. Auto damage insurance specifically protects against vehicle losses, and setting a zero deductible makes the claims process particularly hassle-free. For example, once my car’s windshield was damaged by hail, and after filing a claim, the insurance directly covered the entire repair cost without any out-of-pocket expense. Compared to policies with deductibles of 500 yuan or higher, this eliminates a lot of hassle, especially for beginners like me with limited driving experience who are prone to minor accidents and want to avoid additional expenses. Of course, the premium might be slightly higher, but overall, it’s more cost-effective, especially for frequent car use. I recommend asking for detailed explanations when purchasing auto insurance to ensure comprehensive coverage.
