Will Insurance Cover Modified Headlight Assemblies for Cars?
1 Answers
Insurance coverage is limited to the original factory-installed components, and damage to LED headlights is not covered. Auto insurance has the following 7 characteristics: 1. High risk of insured objects: As motor vehicles are means of transportation that are constantly in motion, they are prone to collisions, leading to personal and property damage. 2. High volume of business and high insurance participation rate: Due to the high risk of motor vehicle accidents, both vehicle owners and traffic management authorities transfer risks through insurance, leading to increased auto insurance business and high participation rates. 3. Complex and specialized coverage: Auto insurance is divided into basic and additional coverage, with the latter not available for standalone purchase. 4. Uncertainty: Since motor vehicles operate on roads with high mobility and irregular routes, insurers face increased unpredictability regarding accidents and losses. 5. Expanded insurable interest: As long as an insured vehicle is operated by a qualified driver with the policyholder's permission, the insurer is liable for third-party property damage or bodily injury caused by an accident covered under the policy. 6. No-claim discount: The core purpose is to link premiums directly with actual losses in cases of uneven risk distribution. 7. Public interest protection: Third-party liability insurance for motor vehicles, closely tied to auto usage, is mandatory in most countries, making it a statutory insurance requirement.
