What is Comprehensive Vehicle Insurance?
2 Answers
Comprehensive vehicle insurance generally includes compulsory traffic insurance and four main commercial insurances: third-party liability insurance, vehicle damage insurance, passenger liability insurance, and theft insurance. If the car owner has good financial conditions, they can also purchase some additional insurances, such as scratch insurance, glass insurance, spontaneous combustion insurance, etc. The relevant introductions are as follows: 1. Among vehicle insurances, compulsory traffic insurance must be purchased, while commercial insurance is voluntary. The commonly used ones are vehicle damage insurance and third-party liability insurance. Car owners can choose commercial insurance according to their own situation. 2. Generally, the comprehensive insurance recognized by everyone refers to: compulsory traffic insurance + vehicle damage insurance + third-party liability insurance + no-deductible insurance + passenger liability insurance, etc. If conditions permit, additional insurances such as theft insurance, glass insurance, body scratch insurance, and spontaneous combustion insurance can also be added.
Comprehensive car insurance is actually a type of full-coverage protection in auto insurance, offering a wide range of coverage. It includes third-party liability insurance, which means the insurance company will cover compensation if you hit someone else's car or injure a person while driving. There's also vehicle damage insurance, where the insurer pays for repair costs if your own car is scratched, damaged by natural disasters, or stolen. Additionally, common add-ons like theft insurance and glass insurance are bundled into a package. Comprehensive insurance is suitable for new or high-end car owners because repair costs are high, and even a minor accident can save a lot of money. However, the annual premium isn't cheap—it could cost several thousand yuan in big cities. One downside is the deductible clause, meaning you might have to pay a small amount for minor scratches before the insurer covers the rest. Before choosing comprehensive insurance, carefully review the policy details, as services vary between companies—don't blindly follow trends. Regular car maintenance can lower premiums, and driving safely is always the best practice.
