What is BMW's Total Loss Protection Insurance?
1 Answers
Total Loss Protection Insurance is a type of total loss insurance under Ping An Insurance. Ping An Insurance: Ping An Insurance is specifically designed for car owners and their families, providing coverage whether you're driving your own car, riding in someone else's car, or even walking. It also offers reimbursement for ambulance fees, hospitalization allowances, and telephone consultation and advance payment services. Total Loss Insurance: Total Loss Insurance is a type of insurance that provides compensation only in cases where the cargo is completely lost or deemed a total loss. It typically refers to a compensation system for situations where the cargo suffers a total loss in value during transportation or transactions, or is considered a constructive total loss. Generally, there are only two scenarios where the cargo is indeed completely lost and unusable, which qualifies as a total loss under this insurance.