This type of the insurance aims to protect the vehicle against possible risks and damages caused by natural force major events, intentional or unintentional actions by a third party, robbery or burglary, while the vehicle was moving or parking.
Coverage and conditions
** Though the insurance valuation fully depends on the choice made by the insured, the insurer usually advises to determine the insurance valuation at a rate equal to market value because if an insurance accident occurs, percentage of the damages to be indemnified is defined based on the pro-rata allocation principle .
