Will the insurance company compensate for an accident if the vehicle fails its annual inspection?
1 Answers
Generally, no compensation will be provided as the vehicle is considered unqualified. Below are the relevant details: 1. Vehicle Insurance: It 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 form 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. 2. In the event of an insurance claim: The insurer will cover the necessary and reasonable rescue expenses paid by the policyholder to prevent or reduce the loss of the insured vehicle, up to the insured amount. Losses occurring under three circumstances can be compensated. Passenger Liability Insurance refers to the compensation provided by the insurance company for expenses incurred due to injuries or deaths of the driver or passengers in the insured vehicle caused by an accident (an unforeseen and uncontrollable event, not intentional by the party involved), as well as the necessary and reasonable rescue and protection expenses paid to minimize the loss.