If you're a car lover, you'll want to insure your car in case of an accident that causes damage or loss. However, do you know what exactly is included in car damage insurance in vehicle insurance? Can car damage insurance fully protect your car? This article will answer these questions in detail for you, so that you can be more informed and reasonable when choosing car damage insurance.
1. What is car damage insurance?
Vehicle damage insurance refers to a commercial vehicle insurance that is responsible for compensation for the loss or damage of the insured vehicle itself due to an accident during the insurance period. Car damage insurance is the most common and basic type of vehicle insurance, and it is also the most important type of insurance that car owners should buy.
2. What are the specific contents of car damage insurance?
The coverage of car damage insurance mainly includes the following aspects:
Natural Disasters:Such as **, typhoon, flood, mudslide, avalanche, lightning strike, blizzard and other natural disasters caused by vehicle loss or damage.
Accidents:Such as collision, overturning, falling, fire, ** and other accidents caused by vehicle loss or damage.
Third Party Liability:In the event that the insured vehicle collides with a third party vehicle or object, resulting in loss of or damage to the insured vehicle, for which the insured person is fully or partially liable.
Robbery:If the insured vehicle is stolen, robbed, snatched, or lost to or damaged in the course of theft, robbery, snatching.
It should be noted that there are also some coverage areas of car damage insuranceNot includedcontents, such as:
Intentional artificiality:If the vehicle is lost or damaged intentionally by the Insured or its permitted driver, or if the Insured or its permitted driver intentionally violates laws and regulations or the provisions of the insurance contract.
Illegal Use:If the insured vehicle is illegally occupied, seized, requisitioned, confiscated, etc., or the insured or its permitted driver uses the insured vehicle for racing, rallying and other racing activities without permission.
Mechanical Failure:If the insured vehicle is lost or damaged due to mechanical failure, electrical failure, wear and tear, aging, spontaneous combustion, etc., or other vehicle loss or damage caused by this.
Items that are not part of the vehicle itself:In the case of loss or damage to goods, luggage, tools, accessories, and other items that are not part of the vehicle itself, such as goods, luggage, tools, accessories, etc., on the insured vehicle for any reason.
3. What are the compensation methods for car damage insurance?
There are two main ways to compensate for car damage insurance:
Compensation for actual losses:That is, the amount of compensation is calculated according to the actual extent of the loss or damage to the vehicle, and does not exceed the limit of the insured amount. This type of compensation is applicable in the case of partial loss or damage to the vehicle, such as scratches on the body, broken glass, cracked tires, etc.
Full Indemnity:That is, according to the insurance amount of the vehicle, the full amount will be compensated at one time, and the residual value of the vehicle will no longer be considered. This type of compensation is applicable to the total loss or damage of the vehicle, such as the vehicle being stolen, burned, flooded, etc.
Conclusion
Car damage insurance is the most important type of vehicle insurance, which can effectively protect the property safety of car owners and reduce the economic losses caused by vehicle accidents. When choosing car damage insurance, car owners should choose the appropriate insurance amount and insurance period according to their actual situation and needs, and also pay attention to the coverage and compensation method of car damage insurance, so as to avoid unnecessary trouble when making claims. Hopefully, this article will help you better understand the relevant content of car damage insurance, so that you can be more informed and reasonable when purchasing car damage insurance. Thanks for reading and supporting!