What is the difference between having and not having vehicle damage insurance?
1 Answers
The difference between purchasing and not purchasing vehicle damage insurance lies in the coverage provided. If you purchase vehicle damage insurance, the insurance company will compensate for the vehicle's losses caused by traffic accidents within the agreed scope. Without this insurance, the vehicle owner must bear all repair costs resulting from accidents. Besides covering vehicle damage, this insurance also includes protection against theft, engine water damage, spontaneous combustion, separate glass breakage, no deductible, inability to find a third party, and designated repair shops. Vehicle damage insurance encompasses a wide range of coverages, including standard vehicle damage, theft, spontaneous combustion, engine water damage, glass breakage, inability to find a third party, and no deductible. Previously, some of these coverages could be purchased separately, but now they are bundled together. This change is beneficial overall as it reduces many unnecessary disputes. When purchasing auto insurance, you can decide whether to include vehicle damage insurance based on your needs. However, it's important to understand that this insurance protects your own vehicle from damage. Without it, all repair costs must be covered by the vehicle owner in case of damage.
