What is covered by vehicle damage insurance What is covered by vehicle damage insurance

1. What exactly is included in the vehicle loss insurance?

Vehicle damage insurance refers to a kind of automobile commercial insurance that is compensated by the insurance company within a reasonable range if the insured vehicle is damaged due to an insured accident while driving the insured vehicle or its permitted driver. Vehicle damage insurance (referred to as car damage insurance) is the most widely used type of vehicle insurance, whether it is a small scratch or serious damage, the insurance company can pay for the repair. However, there are various exclusions from car damage insurance, such as the loss of continued use after a vehicle collision accident will be increased, and the insurance company will deny compensation.

1. The insurer shall be responsible for compensation for the loss of the insured vehicle caused by the following reasons in the process of using the insured vehicle or its permitted drivers:

collision, overturning, falling;

Fire, **, spontaneous combustion (spontaneous combustion insurance must be separately insured);

Falling and collapsing of external objects;

storms, tornadoes;

lightning strikes, hailstorms, torrential rains, floods, tsunamis;

ground subsidence, ice subsidence, cliff avalanche, avalanche, debris flow, landslide;

Natural disasters on ferries carrying insured vehicles (only for those who are cared for by a driver).

2. In the event of an insured accident, the necessary and reasonable rescue expenses paid by the insured to prevent or reduce the loss of the insured vehicle shall be borne by the insurer, and the maximum amount shall not exceed the amount of the insured amount.

2. Under what circumstances is it recommended to purchase car damage insurance?

For novice drivers, car damage insurance is really a very good type of insurance, plus if you are driving a new car, you cherish it very much, and you will feel distressed if you don't repair it every once in a while. Therefore, it is recommended that novice drivers must buy car damage insurance. In addition, for owners who drive more than 300,000 vehicles and some niche cars, car damage insurance is also recommended.

In a collision that is not too serious, the repair fee of the vehicle with a higher zero integer ratio has caught up with 1 or 3 cars, and if you do not buy car damage insurance, it is really a small loss. For some niche cars, because of the scarcity of accessories and the rising cost of maintenance, the price of the car itself may not be expensive, but some accessories are really unbearable if they are replaced at their own expense.

The above is the situation where it is recommended to purchase car damage insurance, if you meet one of the following conditions, car damage insurance can be saved.

1.Your car is old and has a low residual value.

2.You are driving a car with a large number of ownership, and the original price of the car itself does not exceed 200,000. There are many options for the accessories of this type of vehicle, which can be repaired, and the general friction repair can be controlled within 2000. Therefore, there is not much difference between buying and not buying car damage insurance.

3.Owners who are ready to sell their car within 3 months.

In short, car damage insurance still plays a great role in the future maintenance of your vehicle. The reason why many car owners are reluctant to buy, in addition to the high amount of insurance, the more important reason is that after the car insurance premium is changed, the discount that does not appear for three consecutive years is as low as the discount, which leads to many car owners who are not easy to get out of the insurance, and almost cannot reflect the value of car damage insurance. But even so, car damage insurance is still meaningful, and the specifics are still discussed on a case-by-case basis.

Vehicle damage insurance is a kind of vehicle insurance that covers the loss of the vehicle itself due to reasons within the scope of insurance liability. Vehicle damage insurance refers to the loss of the insured vehicle itself due to natural disasters (excluding **) or accidents within the scope of insurance liability.

What is covered by car damage insurance?

Vehicle damage insurance is the most versatile and highest-insured-rate commercial auto insurance policy. Vehicle damage insurance covers the loss of the insured vehicle itself due to natural disasters and accidents. From ordinary minor scratches to serious vehicle damage, taking out vehicle damage insurance can get the repair costs paid by the insurance company.

Vehicle loss insurance usually has the highest premium among commercial auto insurance, and the basic calculation formula is: basic premium + new car purchase price x rate. When a car owner undercovers the amount of vehicle damage insurance, the amount of compensation will be greatly reduced, although the premium is reduced.

For example, if the purchase price of a new car is 100,000 yuan. Check the rate table of vehicle loss insurance, the corresponding basic premium is 539 yuan, and the rate is, the cost of vehicle loss insurance is: 539+ yuan.

It should be noted that the same model is used in different cities for different times, and the calculated vehicle loss insurance premium is different, so we should consider all the circumstances that affect the car damage insurance premium when applying for car damage insurance, so as to help us buy more affordable vehicle loss insurance.

Vehicle damage insurance is the most widely used type of vehicle insurance and is responsible for compensating for the loss of one's own vehicle due to natural disasters and accidents. Whether it's a small scratch or a serious damage, the insurance company can pay for the repair.

1. Insurance liability:

The insurance company is responsible for compensation for losses incurred by the insured person or his/her permitted qualified driver in the course of using the insured vehicle due to:

1) The loss of the insured vehicle caused by accidents such as accidental collision (accidental collision between the insured vehicle and external objects) and rollover.

2) Damage to the insured vehicle caused by fire around the insured vehicle.

3) The loss of the insured vehicle caused by the collapse of external objects, the fall of objects running in the air, and the parallel fall of the insured vehicle while driving.

4) Loss of insured vehicles caused by the following natural disasters: lightning strikes, storms, tornadoes, torrential rains, floods, tsunamis, subsidence, ice subsidence, cliff avalanches, hailstorms, mudslides, landslides.

Article 16 of the Law of the People's Republic of China on the Insurance of the People's Republic of China stipulates:

If the insurer makes inquiries about the subject matter of the insurance or the relevant circumstances of the insured when concluding an insurance contract, the policyholder shall truthfully inform the insurer. If the policyholder intentionally or due to gross negligence fails to perform the obligation of truthful notification as provided for in the preceding paragraph, which is sufficient to influence the insurer's decision on whether to agree to underwrite or increase the insurance rate, the insurer has the right to terminate the contract. The right to terminate the contract provided for in the preceding paragraph shall be extinguished if it is not exercised within 30 days from the date on which the insurer becomes aware of the reason for termination.

If more than two years have elapsed since the date of the conclusion of the contract, the insurer shall not terminate the contract; In the event of an insured event, the insurer shall be liable for compensation or payment of insurance money. If the policyholder deliberately fails to perform the obligation to truthfully inform, the insurer shall not be liable for compensation or payment of insurance money for the insured accident that occurred before the contract defibrillation, and the insurance premium shall not be refunded. If the insured fails to perform the obligation of truthful notification due to gross negligence, which has a serious impact on the occurrence of the insured accident, the insurer shall not be liable for compensation or payment of insurance money for the insured accident that occurred before the termination of the contract, but shall refund the insurance premium.

If the insurer is aware of the failure of the policyholder to truthfully inform the insurer at the time of conclusion of the contract, the insurer shall not terminate the contract; In the event of an insured event, the insurer shall be liable for compensation or payment of insurance money. Insured accident refers to an accident within the scope of insurance liability agreed upon by the insurance company.

"Vehicle loss insurance: a kind of commercial insurance in which the insured vehicle suffers from natural disasters (excluding **) or accidents within the scope of insurance liability, resulting in the loss of the insured vehicle itself, and the insurer is responsible for compensation. How to determine the amount of car damage insurance:

According to the purchase price of a new vehicle; According to the actual value at the time of insurance, it can also be determined by the insured and the insurance company through negotiation, but the insured amount cannot exceed the insurance price. "

Vehicle loss insurance mainly includes the following: 1. External force loss: collision, overturning, falling; Accidental collision (accidental collision between the insured vehicle and external objects), overturning and other accidents caused by the loss of the insured vehicle; 2. Loss of foreign objects

Falling and collapsing of external objects; The insured vehicle suffers from the collapse of external objects, the fall of objects running in the air, and the loss of the insured vehicle caused by parallel falls while the insured vehicle is driving; 3. Natural disasters: tornadoes; lightning strikes, floods, tsunamis; subsidence, ice subsidence, cliff avalanche, snow pants avalanche, mudslide, landslide; Fire**.

Vehicle damage insurance covers the loss of the insured vehicle itself due to a natural disaster or accident that is covered by the insurance.

The premium for car damage insurance may be determined based on the purchase price of the new vehicle at the time of insurance application, or it may be determined based on the actual value of the insured vehicle at the time of insurance. The actual value of the insured vehicle refers to the purchase price of a new vehicle of the same type, minus the discount amount**. Less than 1 month is not subject to depreciation.

The maximum amount of depreciation shall not exceed 80% of the purchase price of the new vehicle insured at the time of insurance.

The insurer is responsible for compensation for the loss of the insured vehicle caused by the following reasons in the process of using the insured vehicle or its permitted driver:

1. Collision, overturning, falling;

2. Fire, **, spontaneous combustion;

3. Falling and collapsing of external objects;

4. Storms and tornadoes;

5. Lightning strikes, hailstorms, heavy rains, floods, tsunamis;

6. Subsidence, ice subsidence, cliff avalanche, avalanche, debris flow, landslide, **;

7. The ferry carrying the insured vehicle of the return section suffered a natural disaster.

Meaning of vehicle damage insurance: Vehicle damage insurance refers to the loss of the insured vehicle itself due to natural disasters (excluding **) or accidents within the scope of insurance liability, which is the highest premium type of insurance in most private car insurance.

1. External force loss: collision, overturning, falling; Loss of the insured vehicle caused by accidents such as accidental collision (accidental collision of the insured vehicle with external objects), rollover, etc.

2. Loss of foreign objects: falling and collapsing of external objects; The insured vehicle suffers from the collapse of external objects, the fall of objects running in the air, and the loss of the insured vehicle caused by parallel falls while the insured vehicle is moving.

3. Natural disasters: tornadoes; lightning strikes, floods, tsunamis; ground subsidence, ice subsidence, cliff avalanche, avalanche, debris flow, landslide; Fire**.

Benefits of Vehicle Damage Insurance:

1.Reimbursement is available for damage to the insured vehicle that is damaged due to an accident for which the insurance is liable, as well as for reasonable rescue of the vehicle by the owner.

2.The insurance company shall compensate for the reasonable expenses incurred in the use of other people's firefighting equipment when rescuing the insured vehicle.

3.The insurance company can be reimbursed for the loss of the insured vehicle and the cost of rescue measures incurred by the non-hired tow truck in an accident on the way to the consignment.