What is the difference between water wading insurance and water submersion insurance?
1 Answers
Automobile water submersion refers to a situation where the car is stationary and gets submerged in water. In general, the insurance company covers the repair costs. On the other hand, automobile water wading insurance applies when the owner drives the car into water. If the additional water wading coverage is not purchased, the insurance company typically does not provide compensation. Currently, only Tianping Auto Insurance includes the water wading coverage in its main policy nationwide. Below is an introduction to vehicle insurance: 1. Compulsory Traffic Insurance: This is a mandatory insurance required by the state. If not purchased, traffic police can impose fines upon inspection. The coverage is limited and mainly benefits others, not the owner's own vehicle. 2. Third-party Liability Insurance: This is used to compensate for losses caused by the owner to third parties in terms of personal injury or death. It is essential to purchase this for both personal and third-party protection. 3. Vehicle Damage Insurance: This covers losses to the vehicle itself caused by natural disasters and accidents. It is recommended for new drivers. 4. No-deductible Insurance: An additional coverage that transfers the owner's own liability to the insurance company, reducing the owner's losses. If both vehicle damage insurance and third-party liability insurance are purchased, it is advisable to also purchase no-deductible insurance.
