What to Pay Attention to When Using Insurance for Car Repairs at a 4S Shop?
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Prepare your ID card, insurance policy, vehicle license, and driver's license. Below is a relevant introduction about vehicle insurance: 1. Introduction: Vehicle insurance, also known as motor vehicle insurance or auto insurance, refers to a type of commercial insurance that covers liability for personal injury or property damage caused by natural disasters or accidents involving motor vehicles. Auto insurance is a category of property insurance and is relatively new in the field of property insurance, as it emerged and developed alongside the advent and popularization of automobiles. Unlike modern motor vehicle insurance, early auto insurance primarily focused on third-party liability as the main coverage, gradually expanding to include risks such as collision damage to the vehicle body. 2. Classification: Commercial insurance is an open-valued insurance, divided into basic insurance and additional insurance, where additional insurance cannot be purchased independently. Basic insurance includes third-party liability insurance and vehicle damage insurance (comprehensive coverage); additional insurance includes total theft insurance (theft coverage), onboard liability insurance, no-fault liability insurance, cargo drop liability insurance, standalone glass breakage insurance, vehicle downtime loss insurance, spontaneous combustion loss insurance, new equipment loss insurance, and deductible waiver insurance. Compulsory traffic insurance (i.e., compulsory motor vehicle traffic accident liability insurance) also falls under the broad category of third-party liability insurance. Compulsory traffic insurance is mandatory, and motor vehicles must purchase it to be allowed on the road, pass annual inspections, and register. In the event of third-party loss claims, compulsory traffic insurance must be paid out first before other insurance types.
