The basic self-damage premium in automobile insurance refers to a kind of insurance additional clause provided by the insurance company for the owner of the vehicle in case of self-damage, collision, rollover and other accidents, which can bear the repair cost or full compensation for the owner of the vehicle. Basic self-damage premium is the most basic kind of insurance in automobile insurance, and it is also the most concerned kind of insurance when car owners buy insurance. This article will introduce the basic self-damage premium of automobile insurance from the following aspects.
Definition of basic self-damage premium
Basic self-damage premium refers to a kind of insurance additional clause provided by the insurance company for the owner of the vehicle in case of self-damage, collision, rollover and other accidents, which can bear the repair cost or full compensation for the owner of the vehicle.
Specifically, the basic self-damage premium can include the following:
Vehicle maintenance cost
In the event of vehicle damage, collision, rollover and other accidents, the insurance company can provide compensation for vehicle maintenance costs for the owner to ensure the normal use of the vehicle.
Vehicle salvage value compensation
In the event of the vehicle’s own damage, collision, rollover and other accidents, the insurance company can provide the owner with vehicle salvage value compensation to make up for the loss of value of the vehicle during use.
Scope of application of basic self-damage premium
The Basic Self-damage premium applies to all vehicles, whether new or used, and the basic self-damage premium can be purchased. However, the cost of basic self-damage insurance premiums will be calculated based on factors such as the make and model of the vehicle, the time of purchase, and the age of the vehicle.
Basic self-damage premium precautions
When purchasing basic self-damage insurance, the owner needs to pay attention to the following points:
Understand the insurance terms
The owner needs to understand the insurance terms of the basic damage premium, including insurance protection, deductibles, insurance costs, etc., to avoid being unable to obtain compensation from the insurance company in the insurance accident.
Choose the policy that suits you
Owners need to choose their own insurance terms according to their own needs to protect their own interests.
Pay attention to insurance payments
Car owners need to pay attention to the payment of insurance fees to avoid the failure to pay insurance fees in time and the insurance contract cannot take effect.
Pay attention to the handling of insurance accidents
Owners need to pay attention to the treatment after the insurance accident, including timely reporting, retaining evidence, complying with claims procedures, etc., in order to obtain compensation from insurance companies.
Conclusion
Basic self-damage premium refers to a kind of insurance additional clause provided by the insurance company for the owner of the vehicle in case of self-damage, collision, rollover and other accidents, which can bear the repair cost or full compensation for the owner of the vehicle. When purchasing basic self-damage insurance premiums, owners need to understand the insurance terms, choose the insurance terms suitable for themselves, pay attention to the payment of insurance costs and the treatment of insurance accidents, in order to obtain the most comprehensive protection.
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