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Commercial motor insurance in China
Commercial motor insurance in China offers a wider financial protection. This includes claims other than traffic collisions, such as theft, keying, weather or natural disasters, and damage caused by colliding with stationary objects.

There are two segments of commercial motor insurance in China: basic risks and additional risks. Car owners have to purchase insurance for basic risks first, which will then provide them with access to additional risk insurance.

Basic risks include:

Vehicle damage insurance covers all the damage to the car regardless of reason.
Theft insurance covers the vehicle and anything happens in an event of burglary or theft.
Quota-free insurance pays 100% compensation regardless of who is hold responsible for the accident.
Passengers insurance covers all passengers and is purchased according to the number of car seats.
Additional risks include:

Free compensation special insurance is when insurance company is responsible for compensation in the liability limit according to the deductible amount, based on the rate specified in the corresponding basic insurance clause.
Risk of spontaneous combustion refers to the compensation for the loss of the combustion vehicle caused by the failure of the vehicle’s electrical, wiring, fuel supply system and the cause of the cargo itself.