What is Vehicle Damage Insurance and How Does It Compensate?

[McLeonardo]

It is responsible for compensating the deductible amount that the insured should bear in the vehicle damage insurance and third-party liability insurance, with 100% compensation. Here is some extended information about auto insurance: 1. Components: Auto insurance generally includes two parts: basic insurance and additional insurance. Basic insurance is further divided into vehicle damage insurance and third-party liability insurance. 2. Compensation Content: Vehicle damage insurance compensates for the loss of the insured's own vehicle; third-party liability insurance compensates for targets outside the insured's own vehicle, such as people hit, public property, and the other party's vehicle, etc.; passenger liability insurance compensates for personal and property losses on the insured's own vehicle; theft insurance compensates for the theft of the insured's own vehicle; no-deductible insurance ensures 100% compensation in case of an accident. If no-deductible insurance is not purchased, the insured must bear a 30% deductible for each accident.