What to Do When Your Car is Hit by Someone Else?
1 Answers
If your car is hit by someone else, you can seek compensation from the at-fault party and their insurance company. Here is an introduction to auto insurance: 1. Introduction: Motor vehicle insurance is a type of commercial insurance that covers personal injury or property damage caused by natural disasters or accidents involving motor vehicles. 2. Coverage: The insured clients are mainly legal entities and individuals who own various types of motor vehicles. 3. Scope: The insurance primarily covers various types of cars but also includes specialized vehicles such as electric cars, battery-powered vehicles, and motorcycles. 4. Calculation Formula: The formula for calculating vehicle damage insurance premium is (Base Premium + Vehicle Purchase Price * Rate) * Discount Factor.