What is Full Coverage in Auto Insurance?
2 Answers
Full coverage in auto insurance generally includes: 1. Compulsory Traffic Accident Liability Insurance; 2. Vehicle Damage Insurance; 3. Third-Party Liability Insurance; 4. Comprehensive Theft Insurance; 5. Body Scratch Insurance; 6. Passenger Liability Insurance; 7. Glass Breakage Insurance; 8. No-Deductible Special Clause, etc. Below is a related introduction to the No-Deductible Special Clause: 1. The No-Deductible Special Insurance refers to the no-deductible special clause in auto insurance, which is a type of commercial additional insurance. 2. This insurance typically refers to a special agreement where, after an insured event occurs, the insurer is responsible for compensating the deductible amount that the insured would otherwise bear, calculated according to the deductible rate specified in the corresponding main insurance clause. After purchasing this insurance, the policyholder can not only enjoy the portion of compensation that the insurance company should bear according to the insurance clauses.
Actually, 'full coverage' is not an official term, just a common way people refer to it. When I first bought car insurance, I was confused too, but later I understood that the so-called 'full coverage' is actually a bundle of compulsory traffic insurance plus the main types of commercial insurance. It generally includes basic coverages like vehicle damage insurance, third-party liability insurance, no-deductible insurance, and passenger liability insurance. However, it's important to note that different insurance companies offer different packages. For example, theft insurance or glass insurance sometimes requires additional payment. Moreover, 'full coverage' doesn’t actually cover everything. For instance, if you have an accident while drunk driving, if your tires are damaged alone, or if your modified car isn’t reported, the insurance won’t cover these situations. Last year when I bought insurance, I compared several companies and found significant differences in their package contents. So, never buy insurance just based on the name; always read the policy details carefully.
