What is the difference between body insurance and vehicle damage insurance?

[ElliotFitz]

The differences between body insurance and vehicle damage insurance are as follows: 1. Nature: Body insurance is a mandatory national insurance, while vehicle damage insurance is one of the commercial insurances. 2. Coverage: Body insurance only compensates third parties, while vehicle damage insurance is responsible for compensating the loss of the vehicle itself. 3. Premium: The coverage of body insurance is relatively fixed (it may fluctuate based on whether the owner has a traffic violation record), while the premium of vehicle damage insurance is related to the purchase price of the vehicle. 4. Scope of insurance liability: Body insurance refers to the compensation provided by the insurer according to the insurance contract when the insured vehicle suffers losses due to natural disasters or accidents within the scope of insurance liability; vehicle damage insurance refers to the compensation provided by the insurance company according to the insurance contract when the insured or the vehicle driver causes damage to the vehicle in an accident during driving.