What is All-Risks Coverage?

All Risks, the surface meaning of this term is a bit confusing, thinking that this type of insurance covers a very wide range.

Full insurance

Generally speaking, the all-risks that everyone agrees on are:

1. Lost cars in toll parking lot

Under normal circumstances, vehicles are stolen in toll parking lots or commercial repair shops,

Faithful performance of notification obligations

As we all know, an insurance policy is a valid contract that stipulates the rights and obligations of both parties. It is also a contract with legal effect. Once it takes effect, it must be performed without compromise. When applying for insurance, both the insured and the insurer must truthfully tell the other party the truth. This is not only a basic business procedure, but also a rigid stipulation of insurance terms.

The same is true for auto insurance. As an insurer, an insurance company will explain the types of existing auto insurance, insurance duration, insurance liability, exclusion liability, how to determine the insurance amount, how to compensate for an accident, and the scope of liability for additional insurance. As for the owner, the insured should truthfully tell the insurance company about the age, brand, condition, accident history, and driving age of the vehicle. Although the content may sound cumbersome, in fact the owner carefully reads the policy or promotional materials at a glance. As long as the above notification obligation is performed honestly, unnecessary troubles will be avoided in the future, and their own rights and interests will be reliably protected.

Right to know can protect rights

As a party to the insurance contract, the owner also has the obligations that should be fulfilled, and the familiar terms are one of them. Let us look at a case.

A car owner has insured against car damage and car theft. When he goes out to do business, he parks his car in front of the other unit's door. However, when I was about to leave by car, I found that the door had been traced by someone. I opened it and saw that the bag inside was missing, and the central control lock of the door was broken. At this moment, he remembered that he had insured theft of the entire car. Although the items stored in the car were not covered by the compensation, the central control car lock was part of the car and should be able to be compensated.

Therefore, while reporting the case to the public security department, the car owner also reported to the insurance company and filed a claim for compensation. However, the latter was informed that according to the terms of the contract, the accident was not covered by insurance coverage. The owner immediately stated that he could not accept the handling opinions of the insurance company and complained to the media and relevant departments.

However, when the person handling the complaint went to the insurance company to ask about the basis for non-performance of compensation, the basis revealed by the insurance staff made everyone laugh. It turned out that the back of the whole car theft insurance policy held by the owner was clearly It is stated that the insurance company assumes compensation for theft loss of the entire car within the scope of insurance liability, and is not responsible for the loss of theft of a certain part of the vehicle. Facing this situation, the owner was speechless.

In fact, other auto insurance clauses are probably the same. Each car insurance category has an exclusion liability (ie, it is not responsible for compensation). The owner can only distinguish the insurance liability and relieve his worries only if he "knows what and why".

"All-risk" is not all-round compensation

With the increase in insurance awareness, many car owners are willing to spend more on "full insurance". The goal is to get the full compensation from the insurance company as a matter of course. But this is not the case.

For example, if a private car owner who insured against motor vehicle insurance had parked his car downstairs, debris falling downstairs would damage the roof window. He thought that since he bought the whole insurance, all the losses would naturally be covered by insurance. Company compensation. Unexpectedly, I encountered trouble when I went to claim. According to the provisions of the car damage insurance, the insurance company told the owner to provide proof of the cause of the accident issued by the local public security department, and the owner, as the insured, also had to bear a certain percentage of exemption. Indemnity. The owner was dissatisfied with the handling of the insurance company, and then consulted a lawyer. After studying the insurance clause carefully, the latter told him that this clause was an explicit clause. After the above accident caused the vehicle damage, the owner must provide the corresponding compensation Otherwise, you cannot compensate, and the practices of the insurance company are in compliance with laws and regulations. In the end, the owner obeyed the lawyer's advice, went to the police station in time to issue a certificate of the cause of the accident, and successfully settled the claim.

Today's vehicle insurance in the insurance market is just a vague concept, and the definition is not clear. Some car owners have over-represented their agents when they applied for insurance. They do nt know much about the main and additional risks of auto insurance. It is believed that the more types of insurance you get, the more compensation you will get. In fact, it is not possible for a car to be fully insured. This is a misunderstanding that car owners should avoid when buying "full insurance". ^[1]

Pay attention to theft and scratch insurance

Today, motor vehicle theft insurance has become the main insurance, and the owner can separately insure this insurance type, and the insurance liability remains unchanged. However, the insurance specifically added the content of "insured motor vehicles used by drivers to drink, inhale or inject drugs, and be anesthetized by drugs," in other words, in other words, if the insured vehicle is stolen due to such behavior, The insurance company is not liable for compensation. In addition, the insurance clause also stipulates that if the designated driver is insured at the time of insurance application, and the non-designated driver uses the insured motor vehicle when the insured accident occurs, the deductible rate is increased by 5%; the driving area is agreed when the insurance is applied, and the insured accident occurs outside the agreed area. , Increase the deductible rate by 10%. These are the main special considerations of the car. When applying for insurance, be sure to fill out the insurance policy truthfully and provide a copy of the insured motor vehicle driving license and a motor vehicle registration certificate. If the driver is designated, a copy of the driver's license of the designated driver shall be provided. During the insurance period, if the insured motor vehicle is modified or retrofitted, which causes the danger of the insured motor vehicle to increase, the insurer shall also be notified in writing in a timely manner. Otherwise, the insurance company will not bear compensation for insured accidents that occur due to the increased danger of the insured motor vehicle.

When insuring the loss of body scratches, the owner must be aware of the following: Any motor vehicle that has motor vehicle loss insurance may be insured for this type of insurance. The insurance company is responsible for compensation for the loss of body scratches without obvious collision marks. The insurance company shall not be liable for damages caused by the intent of the insured and his family members, the driver and his family members. The insurance amount for this type of insurance is 2,000 yuan, 5,000 yuan, 10,000 yuan, or 20,000 yuan, which shall be determined through consultation between the policyholder and the insurance company. Compensation for this type of insurance is calculated as follows: the compensation is calculated based on the actual repair cost within the insurance amount; a 15% deductible rate is applied for each compensation; during the insurance period, the accumulated compensation amount reaches the insurance amount, and the insurance liability of this additional insurance is terminated. ^[2]