What is the role of the no-deductible insurance?
2 Answers
The role of the no-deductible insurance is to transfer the 20% liability loss to the insurance company, which allows the policyholder to obtain maximum protection in traffic accidents and supplements many current commercial insurances. Below is the relevant introduction: 1. Compensation: In traffic accidents, China's auto insurance has clear liability divisions. The insurance company does not provide full compensation, and the policyholder is also required to pay a certain percentage of the amount. Generally, the insurance company only compensates 80%, and the remaining 20% is borne by the policyholder. Its purpose is to restrain the policyholder and minimize the occurrence of claims. The role of the no-deductible insurance is to transfer this 20% liability loss to the insurance company, allowing the policyholder to obtain maximum protection in traffic accidents. 2. Supplementary role: The no-deductible insurance supplements many current commercial insurances, such as vehicle damage insurance and theft insurance. As for whether to purchase the no-deductible insurance, car owners can decide based on their own circumstances. Alternatively, they can choose suitable auto insurance according to their needs to provide better life protection.
I think the no-deductible insurance is a worry-free and cost-saving guarantee. Simply put, when filing a car insurance claim, the insurance company usually requires you to pay a deductible, but with this coverage, they cover everything, and you don't have to pay a penny. For example, in my own minor accident, the repair cost of a few hundred dollars would have been out of pocket, but thanks to this coverage, I saved that money. This is especially useful for beginners—spending a little extra on coverage can avoid significant out-of-pocket losses. I've also found that combining it with third-party liability insurance and other coverages provides comprehensive protection for your wallet. Remember, when buying car insurance, don't just focus on the premium—these details can save you from unnecessary hassles.
