What is the coverage of vehicle damage insurance?
4 Answers
The coverage of vehicle damage insurance includes: 1. Collision and overturning. Collision refers to direct contact between the insured vehicle and external objects. Man-made scratches on the insured vehicle are not covered under vehicle damage insurance. 2. Fire, explosion, collapse of external objects, falling objects from the air, parallel falling of the insured vehicle while in motion, lightning strikes, storms, tornadoes, heavy rain, floods, tsunamis, ground collapse, ice collapse, cliff collapse, avalanches, hailstorms, mudslides, landslides, and ferries carrying the insured vehicle suffering from natural disasters. Commercial auto insurance is divided into primary insurance and additional insurance, with a wide variety of types. Purchasing vehicle damage insurance is a good choice for new cars. New drivers may have weaker control over the vehicle and sometimes inaccurate judgment of road conditions, making them more prone to vehicle damage. Vehicle damage insurance can help transfer the resulting repair costs.
Last time my buddy spent nearly twenty grand on car repairs before finally figuring out how auto damage insurance works. This coverage mainly pays for repair costs when your own car gets damaged in collisions, whether it's scraping against a utility pole or getting rear-ended. It also covers natural disasters like hail damaging the roof or floods ruining the engine. But watch out for some exceptions - aftermarket parts damage often isn't covered, and standalone tire damage usually falls outside the claim scope. If you hydro-lock the engine and bend connecting rods by restarting it, insurers will definitely deny the claim. Remember to file the claim within 48 hours after the incident, bringing the police report and repair invoice to the claims adjuster. If you can't agree on the assessment amount, you can request third-party evaluation.
When renewing my car insurance, I specifically studied the auto damage insurance clauses and found the coverage is actually quite extensive. Beyond common collision accidents, incidents like tree branches smashing the sunroof or flood water damaging the circuits are included in the claim list. The most practical aspect is the inclusion of comprehensive theft coverage, where the entire vehicle can be compensated at a depreciated value if stolen. However, separate glass breakage requires an additional rider, and damages to fragile parts like headlights and rearview mirrors depend on whether they're accompanied by body damage. When filing a claim, remember to prepare copies of the vehicle registration and driver's license. If the other party is fully at fault, you can also exercise subrogation rights. Note that vehicles over five years old are compensated based on actual value, and it's advisable to separately insure aftermarket additions like audio systems under an additional equipment rider.
Vehicle Damage Insurance essentially compensates for the loss of the vehicle itself. According to Article 6 of the "Commercial Motor Vehicle Insurance Clauses," the coverage includes losses caused by collisions and overturns, fires and explosions, collapse or falling of external objects, as well as natural disasters such as lightning strikes and heavy rain. Special attention should be paid to the exclusion clauses: damages to wheels alone, natural wear and tear, and losses during impoundment are not covered. Claims require providing accident proof and repair invoices. If the repair costs exceed the actual value of the vehicle, it will be treated as a constructive total loss. When purchasing, it is advisable to pay attention to the absolute deductible clause, as some policies set a 500 yuan deductible that must be borne by the policyholder.
