What does vehicle damage insurance mean used car

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. As one of the most private car insurance plans with the highest premiums, many car owners are unclear about how to calculate vehicle damage insurance. In fact, the calculation formula of general vehicle damage insurance is:

Basic premium + new car purchase price x rate, of course, the owner can also choose to under-insure, and the protection will be discounted while reducing the premium.

Most insurance companies' vehicle damage insurance generally covers the loss of the insured vehicle and related rescue expenses caused by natural disasters such as lightning strikes, storms, heavy rains, floods, and accidents such as collisions and overturns.

Detailed calculation of the insured amount of vehicle damage insurance.

1) It is determined by the purchase price of the new car of the insured motor vehicle at the time of insurance.

The purchase price of the new car at the time of insurance shall be determined according to the market sales of the same type of new car (including vehicle purchase tax) signed in the insurance contract at the time of insurance, and it shall be stated in the insurance policy that if there is no market sale of the same type of new car**, it shall be determined by the policyholder and the insurer through negotiation.

2) Determined by the actual value of the insured motor vehicle at the time of insurance.

The actual value of the insured motor vehicle at the time of insurance is determined based on the purchase price of the new vehicle at the time of insurance minus the amount of depreciation. The depreciation of the insured motor vehicle is calculated on a monthly basis, and the part less than one month is not depreciated. For example, the monthly depreciation rate for passenger cars with less than 9 seats and the monthly depreciation rate for buses with more than 10 seats shall not exceed 80% of the purchase price of the new insured motor vehicle at the time of insurance.

Depreciation amount = purchase price of a new car at the time of insurance The number of months the insured motor vehicle has been used Monthly depreciation rate.

3) It shall be negotiated within the purchase price of the new vehicle of the insured motor vehicle at the time of insurance.

For example, an insurance company has set 12 levels of car insurance rate adjustment, and the highest level is 12 levels, and the insurance premium will be adjusted to 200%; The lowest tier is the first tier, and the premium will be adjusted to 50%.

Note that the insured amount must not exceed the purchase price of the new car at the time of insurance, as the excess amount is invalid.

What does motor vehicle damage insurance mean.

I would like to ask, if suing for a taxi license plate number is not the same thing as suing a taxi company? If only compulsory traffic insurance will I be fully compensated in case of loss? (I was not responsible for the accident and had no information about his 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 using the insured vehicle or its permitted driver.

Car damage insurance and third-party insurance are the basic insurance of vehicle insurance, which mainly compensates for the loss of the insured vehicle and the loss caused to the third party by Dan or the insured vehicle in use!

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 car shall be borne by the insured pure lead person, and the maximum amount shall not exceed the amount of the insured amount.

Vehicle damage insurance is a type of vehicle damage insurance. It means that if the vehicle is involved in an accident, this can be compensated.

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.

Vehicle damage insurance refers to a kind of insurance in which the insurance company bears the liability for compensation within the agreement when the vehicle is damaged by an accident and the land is lost. Car loss insurance is one of the most expensive types of private car insurance, and it is also the most common type of car insurance.

[Legal basis].

Article 13 of the Insurance Law.

The insurance contract is established when the policyholder makes an insurance request, and the insurer agrees to underwrite the insurance. The insurer shall issue an insurance policy or other insurance certificate to the policyholder in a timely manner.

The insurance policy or other insurance certificate shall clearly state the content of the contract agreed upon by both parties. The parties may also agree to use other written forms to contain the contents of the contract.

An insurance contract established in accordance with the law shall take effect from the time of its establishment. The policyholder and the insurer may agree on the validity of the contract with conditions or a time limit.

"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 damage insurance refers to the loss of the insured vehicle itself due to natural disasters (excluding **) or accidents within the scope of insurance liability.

[Legal basis].

Article 19 of the Insurance Law stipulates that the following clauses in an insurance contract concluded using the standard clauses provided by the insurer are invalid: (1) exempting the insurer from its obligations in accordance with the law or increasing the liability of the policyholder or the insured; (2) Excluding the rights enjoyed by the policyholder, the insured or the beneficiary in accordance with the law.

1. Vehicle loss insurance refers to the loss of the insured vehicle itself due to natural disasters (excluding **) or accidents within the scope of insurance liability.

2. Vehicle loss insurance is a kind of vehicle insurance that protects the loss of the vehicle itself caused by reasons within the scope of insurance liability.

3. [Legal basis].

4. Article 4 of the "Vehicle Loss Insurance" stipulates that 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 by the insured or its permitted drivers:

5. (1) Collision and overturning;

6. (2) Spontaneous combustion of vehicles of non-operating enterprises or agencies in accordance with the insurance contract;

7. (3) Falling or collapsing of external objects, and the insured vehicle falling parallel while driving;

8. (4) Sudden dry and landslides, tornadoes, lightning strikes, hail and bad weather, heavy rainfall, floods, tsunamis, ground subsidence, ice subsidence, cliff avalanches, avalanches, debris flows, and landslides;

9. (5) The ferry carrying the insured vehicle suffers from the natural disasters listed in subparagraph (4) of this Article (only for those who have a driver accompanying the vehicle to take care of them).