What types of insurance are included in motor vehicle damage insurance?
3 Answers
Motor vehicle damage insurance refers to the insurance where the insurer compensates the insured for the damage or loss of the insured motor vehicle caused by accidents within the coverage scope. Due to the numerous potential accidents involving insured vehicles, countries generally offer comprehensive insurance to expand protection for the insured. However, some high-frequency loss incidents may sometimes be listed as independent insurance types. The following are additional details: The insurer does not cover compensation for: earthquakes, wars, military conflicts, terrorist activities, riots, seizures, confiscations, government expropriations; competitions, tests, during repairs or maintenance at commercial repair facilities; using the insured vehicle for illegal activities; operating the insured vehicle under the influence of alcohol, drugs, or narcotics; hit-and-run incidents involving the insured vehicle; or if the driver falls under any of the following circumstances.
I've been driving for years and am very familiar with motor vehicle damage insurance. It includes several main types of coverage: The vehicle damage insurance is the core part, covering collision accidents such as rear-end collisions or rollovers, as well as body damage caused by natural disasters like typhoons or floods; The theft coverage handles losses from vehicle theft or robbery; The separate glass breakage insurance specifically protects against accidents like windshields or windows being smashed by stones; The spontaneous combustion coverage addresses vehicle self-ignition caused by electrical faults or aging; The water submersion insurance covers repair costs after the engine is flooded. There's also the no-deductible coverage, which can waive small out-of-pocket amounts. These coverages combine to ensure comprehensive loss protection. I recommend selecting them based on your driving environment - for example, adding water submersion insurance in flood-prone areas can save a lot of worry. Regular policy reviews are crucial to avoid claim issues at critical moments.
I just bought a car and am still learning about insurance. Loss insurance mainly covers vehicle damage, such as repairs for collisions or being hit by others; theft insurance compensates if the car is stolen; glass insurance handles cases where the glass breaks separately; spontaneous combustion insurance prevents the car from catching fire; and waterlogging insurance deals with flooding issues. I also added no-deductible insurance, so I pay less out of pocket when making a claim. At the novice stage, understanding these details can help avoid panic when an accident occurs. Don't rush to buy everything; consult with insurance companies or experienced drivers for advice. Remember, premium costs depend on the car model and regional risks.
