What is Vehicle Damage Insurance?

1 Answers
London
07/30/25 4:31am
Vehicle Damage Insurance refers to a type of commercial auto insurance where the insurer compensates within reasonable limits for damages to the insured vehicle caused by an insured accident while the vehicle is being driven by the insured or an authorized driver. Besides compulsory traffic insurance, Vehicle Damage Insurance and Third-Party Liability Insurance are the basic types of vehicle insurance. Below is a detailed introduction to Vehicle Damage Insurance: 1. Coverage Scope: Vehicle Damage Insurance generally covers losses to the insured vehicle caused by natural disasters such as lightning, storms, heavy rain, floods, etc., and accidental incidents like collisions and overturns, as well as related rescue costs. 2. Included Coverage: Generally refers to Vehicle Damage Insurance, which includes No-Fault Insurance, Spontaneous Combustion Insurance, Glass Insurance, Water Damage Insurance, Third-Party Unidentified Insurance, and Scratch Insurance.
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