What Does Vehicle Damage Insurance Cover?
2 Answers
Specifically, vehicle damage insurance covers two types of situations: accidents and natural disasters. Accidents include: collision, overturning, falling; fire, explosion; falling or collapsing of external objects. Natural disasters include: storms, tornadoes, typhoons, tropical storms; lightning, hail, heavy rain, floods; ground collapse, ice collapse, cliff collapse, avalanche, blizzard, ice buildup, sandstorm, mudslide, landslide; ferry carrying the insured vehicle suffering from natural disasters (only applicable when the driver is on board). Additionally, there are two situations to note: spontaneous combustion and earthquakes along with their secondary disasters are not covered by vehicle damage insurance. Apart from the aforementioned spontaneous combustion, earthquakes, and their secondary disasters, vehicle damage insurance also does not cover objective environmental factors, human factors, vehicle-related issues, and other risks. For example, objective environmental factors include: war, military conflict, terrorist activities, riots, seizure, confiscation, government requisition; competitions, tests, and periods of repair or maintenance at commercial service centers.
I've used vehicle damage insurance several times. It mainly covers the repair costs for your car when it's damaged in an accident, such as body deformation or parts damage caused by accidentally hitting a tree or another vehicle. It also covers losses caused by natural disasters, like last year when I encountered a hailstorm that shattered my windshield – the insurance company paid the full cost of replacing the glass. It also compensates for damage caused by falling objects like trees collapsing onto the car, and includes self-rescue expenses such as towing fees. However, it doesn't cover daily wear and tear or intentional damage, and earthquakes might require additional coverage. I think purchasing vehicle damage insurance is essential, especially when driving in big cities with high accident rates. Without it, paying for repairs out of pocket can be painful, and you also need to pay attention to how fast the claims process is.
