What is the difference between purchasing and not purchasing vehicle damage insurance?
1 Answers
The difference between purchasing and not purchasing vehicle damage insurance lies in the coverage. If you purchase vehicle damage insurance, the insurance company can compensate for the vehicle losses caused by traffic accidents within the agreed scope; if you do not purchase vehicle damage insurance, the vehicle losses caused by accidents can only be borne by the owner. In addition to vehicle loss coverage, vehicle damage insurance also includes coverage for theft of the entire vehicle, engine water damage, spontaneous combustion, separate glass breakage, no deductible, inability to find a third party, and designated repair shop coverage. The role of vehicle damage insurance: Vehicle damage insurance can mainly be used to compensate for damage to the insured vehicle caused by insured accidents (such as collisions, falls, mudslides, heavy rain, storms, hail, earthquakes, etc.); in addition, when an insured accident occurs, the insurance company can also bear the liability for the necessary and reasonable rescue expenses paid by the insured to prevent or reduce the loss of the insured vehicle. The coverage of vehicle damage insurance: Compensation for vehicle losses caused by collisions or overturning of the vehicle; compensation for vehicle losses caused by fire or explosion; compensation for losses caused by the collapse or fall of external objects or the parallel fall of the insured vehicle while driving; compensation for vehicle losses caused by natural disasters; compensation for vehicle losses caused by the insured vehicle's ferry suffering from natural disasters listed in the insurance contract.
