Policyholders must understand car insurance won’t cover mechanical failure or breakdown, rusting or any wear and tear unless due to a collision.
Additionally, the insurance will also not cover if the collision occurred due to a racing or intentional accident.
It is important to understand your specific policy, as each car insurance policy may differ. Basic car insurance will only cover third-party risks, which may not benefit the policyholder as much as a high-level policy.
Having the right car insurance may save you a significant amount, as Hong Kong road accidents are unpredictable and costly.