What does the term 'subject vehicle' mean?
1 Answers
The term 'subject vehicle' refers to the insured vehicle in an insurance policy. The types and functions of vehicle insurance are as follows: Types of vehicle insurance: Motor vehicle insurance includes compulsory traffic insurance and commercial insurance. Commercial insurance consists of basic insurance and additional insurance. Basic insurance is divided into vehicle damage insurance, third-party liability insurance, comprehensive theft insurance (theft insurance), and passenger liability insurance (driver liability insurance and passenger liability insurance). Additional insurance includes separate glass breakage insurance, scratch insurance, spontaneous combustion loss insurance, water driving insurance, no-fault liability insurance, cargo drop liability insurance, vehicle parking loss insurance, new equipment loss insurance, and non-deductible special insurance. Separate glass breakage insurance, spontaneous combustion loss insurance, and new equipment loss insurance are additional insurances to vehicle damage insurance and can only be purchased after vehicle damage insurance is obtained. Passenger liability insurance, no-fault liability insurance, and cargo drop liability insurance are additional insurances to third-party liability insurance and can only be purchased after third-party liability insurance is obtained. Each insurance type's non-deductible clause can be independently purchased. Functions of car insurance: Car insurance is a type of property insurance, also known as motor vehicle insurance. It refers to a commercial insurance that compensates for personal injury, death, or property loss caused by natural disasters or accidents to motor vehicles.
