What Is Pay as You Go Car Insurance?

Vehicle insurance, that is, motor vehicle insurance, referred to as car insurance, also known as car insurance. It refers to a type of commercial insurance that is liable for personal injury or property damage caused by a natural disaster or accident in a motor vehicle. Car insurance is a type of property insurance. In the field of property insurance, car insurance belongs to a relatively young type of insurance. This is because car insurance is produced and developed with the emergence and popularization of cars. At the same time, unlike modern motor vehicle insurance, in the initial stage of automobile insurance, the third party liability insurance of the automobile was the main insurance, and it gradually expanded to the risk of collision losses such as bodywork.

car insurance

A type of insurance widely developed in China is a type of insurance that uses motor vehicles such as cars, trams, battery cars, motorcycles, and tractors as the subject of automobile insurance. Vehicle insurance can be divided into commercial insurance and traffic insurance. Commercial insurance includes vehicle main insurance and additional insurance.

Commercial insurance main insurance includes vehicle loss insurance,

(I) Origin of vehicle insurance

Foreign automobile insurance originated in the middle and late 19th century. At that time, with the emergence and development of automobiles in some European countries, accidental injuries and property losses caused by traffic accidents increased. Although various countries have adopted some control methods and measures, the use of automobiles still poses a serious threat to people's lives and property. As a result, some savvy insurers

Commercial insurance is variable value insurance, which is divided into basic insurance and additional insurance, of which additional insurance cannot be independent insurance. Basic insurance includes third party liability insurance and vehicle loss insurance (car damage insurance); additional insurance includes full vehicle theft (robbery), onboard liability insurance, no-fault liability insurance,

I. Carry a clear copy of the "three certificates and one bill" of the motor vehicle, that is, the owner's ID card, driving license, driving license and insurance bill. In particular, I would like to remind everyone that the insurance cards of many insurance companies are no longer used as proof of claims.

2. It is very important to report accidents in time, especially for major accidents. When you call the insurance company, you need to provide the basic information such as the policy number, time, location, and nature of the accident.

3. Vehicles with temporary license plates generally only apply for short-term traffic insurance, and have prescribed routes and times. Accident insurance companies that do not take the routes and times outside the stipulations will not be liable for compensation.

4. When the vehicle is out of place, the insurance company shall be reported to the insurance company in time, and the person in charge of the place where the damage is made shall conduct investigation and determine the damage on behalf of the person. The cost of compensation is generally valued according to the industry standard of the place where the insurance is issued. If any local damage is found only after returning to the place of insurance, the insurance company for this part of the repair costs can make up for the damages.

5. If the insured wants to entrust a repair shop to handle compensation or directly assign the accident compensation fee to the repair shop, he should sign a power of attorney in person and report it to the insurance company for the record. Every time you repair, sign a quality contract with the repair shop so that you can safeguard your legitimate rights and interests.

First, do not repeat the insurance

Car owners should avoid re-insurance when insuring car insurance. Some car owners may think that they are more likely to get out of a certain area, so they should re-insure this type of insurance, and think that they can get repeated compensation. In fact, this kind of thinking is wrong. Even if the car owner repeatedly insures a type of insurance, it will not get excess compensation when it comes to compensation.

2. Don't over-insure or under-insure

Some car owners, apparently worth 100,000 yuan, have insured 150,000 yuan in insurance, believing that they can pay more for more money. While some cars are worth 200,000 yuan, they are insured for 100,000 yuan. Neither type of insurance is effectively protected. According to Article 39 of the Insurance Law: "The insured amount must not exceed the insured value. If the insured amount exceeds the insured value, the excess amount is invalid. If the insured amount is lower than the insured value, the insurer shall, in accordance with the insured amount and The insured value is liable for compensation. "So over-insured and under-insured cannot get additional benefits.

Third, insurance must be preserved

In order to save premiums, some car owners want to cover a few types of insurance, or only car damage insurance, not third party liability insurance, or only main insurance, not additional insurance. In fact, each type of insurance has its own insurance liability. If the vehicle really does have an accident, the insurance company can only pay the insurance liability according to the original insurance contract, and some other losses of the owner may not get compensation.

Fourth, timely renewal

Some car owners cannot renew their insurance in time after the insurance contract expires, but

First, report your case in a timely manner. After a traffic accident, the owner should protect the scene and report it to the insurance company within 48 hours. Truly state the accident, provide an insurance policy, wait for the surveyor of the insurance company to inspect the scene, and complete the "Claim Application".

Second, understand the scope of rejection and exclusion.

Third, the claim for too little loss is not cost-effective. Because when the car insurance is renewed, the insurance company has a premium concession clause, that is, if the vehicle is not out of insurance for one year, it can enjoy about 10% of the premium discount when the insurance is renewed the next year; Can reach about 30%.

Fourth, for road accidents, first 110, let the traffic police open the certificate and go to the repair shop to report the case.

Fifth, non-road accidents (community): write your own certificate, and then find the stamp of the police station.

Sixth, a bicycle accident: 110 first the traffic police opened the bill ~ and then find a repair shop. Some insurance companies have to look at the site, some do nt, and do nt drive directly to the repair shop, and then report it to the insurance company to see the car.

Motor Vehicle Traffic Accident Liability Compulsory Insurance Regulations

State Council Decree No. 462 signed by Premier Wen Jiabao of the State Council of China, promulgating the Regulations on Compulsory Insurance of Liability for Motor Vehicle Traffic Accidents.

The "Regulations on Compulsory Insurance of Motor Vehicle Traffic Accidents" was passed at the 127th Executive Meeting of the State Council on March 1, 2006, and is hereby promulgated, effective as of July 1, 2006.

Chapter I General Provisions

Article 1 In order to ensure that victims of motor vehicle road traffic accidents receive compensation in accordance with law and promote road traffic safety, these regulations are formulated in accordance with the "Road Traffic Safety Law of the People's Republic of China" and the "Insurance Law of the People's Republic of China".

Article 2 The owner or manager of a motor vehicle driving on a road within the territory of the People's Republic of China shall apply for compulsory motor vehicle liability insurance in accordance with the provisions of the "Road Traffic Safety Law of the People's Republic of China".

These Regulations apply to the insurance, compensation and supervision of compulsory motor vehicle accident liability insurance.

Article 3 The compulsory insurance of motor vehicle traffic accident liability referred to in these Regulations refers to the insurance company's liability for personal injury, death, or property loss of the vehicle personnel or victims other than the insured caused by the road traffic accident of the insured motor vehicle. Compulsory liability insurance for compensation within limits.

Article 4 The insurance regulatory agency of the State Council (hereinafter referred to as the China Insurance Regulatory Commission) supervises and administers the compulsory insurance business of motor vehicle traffic accident liability insurance of insurance companies in accordance with law.

The traffic management department of the public security organ and the competent department of agriculture (agricultural machinery) (hereinafter collectively referred to as the motor vehicle management department) shall supervise and inspect the participation of motor vehicles in the compulsory insurance of motor vehicle traffic accident liability. The motor vehicle management department shall not register the motor vehicles that have not participated in the compulsory insurance of motor vehicle traffic accident liability, and the motor vehicle safety technical inspection agency shall not inspect them.

When investigating and handling road traffic safety violations and road traffic accidents, the traffic management department of the public security organ and its traffic police shall inspect the insurance signs of the compulsory insurance of motor vehicle traffic accident liability according to law.

Chapter II Insurance

Article 5 A Chinese-funded insurance company (hereinafter referred to as an insurance company) may engage in compulsory insurance of motor vehicle traffic accident liability with the approval of the CIRC.

In order to ensure the implementation of the motor vehicle traffic accident liability insurance system, the CIRC has the right to require insurance companies to engage in motor vehicle traffic accident liability insurance business.

Without the approval of the CIRC, no unit or individual may engage in the compulsory insurance of motor vehicle traffic accident liability.

Article 6 The compulsory insurance of motor vehicle traffic accident liability implements uniform insurance terms and basic insurance rates. The CIRC approves the insurance premium rate in accordance with the principle that the compulsory insurance business of motor vehicle traffic accidents is not profitable or loss-making.

When approving the insurance premium rate, the CIRC may hire relevant professional organizations to conduct evaluations, and may hold hearings to hear public opinions.

Article 7 The compulsory motor vehicle accident liability insurance business of an insurance company shall be separately managed and accounted for separately from other insurance business.

The CIRC shall check the insurance company s compulsory motor vehicle accident liability compulsory insurance business every year and make it public; according to the overall profit or loss of the insurance company s motor vehicle compulsory motor vehicle liability accident insurance business, it may require or allow the insurance company to adjust accordingly insurance rate.

If the adjustment of the insurance premium rate is large, the CIRC shall conduct a hearing.

Article 8 If the insured motor vehicle has not committed any road traffic safety violations or road traffic accidents, the insurance company shall reduce its insurance premium rate in the next year. In the years that follow, if the insured motor vehicle still has not committed road traffic safety violations or road traffic accidents, the insurance company shall continue to reduce its insurance rate to the minimum standard. If an insured motor vehicle commits a road traffic safety violation or a road traffic accident, the insurance company shall increase its insurance premium rate in the next year. If there are repeated road traffic safety violations, road traffic accidents, or major road traffic accidents, the insurance company shall increase its insurance premium rate. If the insured is not at fault in a road traffic accident, the insurance premium rate shall not be increased. The standards for reducing or increasing the insurance premium rate shall be formulated by the CIRC in conjunction with the public security department of the State Council.

Article 9 The CIRC, the public security department of the State Council, the competent agricultural department of the State Council, and other relevant departments shall gradually establish information sharing mechanisms on compulsory insurance of motor vehicle traffic accident liability, illegal acts of road traffic safety, and road traffic accidents.

Article 10 When applying for insurance, the insured shall select an insurance company that is qualified to engage in the compulsory insurance business of motor vehicle traffic accident liability. The selected insurance company shall not refuse or delay the underwriting.

The CIRC shall publicize to the society the insurance companies that are qualified to engage in the compulsory insurance business of motor vehicle traffic accident liability.

Article 11 When applying for insurance, an insurer shall truthfully report important matters to the insurance company.

Important matters include the type of vehicle, brand model, identification code, license plate number, nature of use, and name (name), gender, age, residence, identity card or driver's license number of the vehicle owner (organization code) ), The accident of the motor vehicle before the renewal, and other matters stipulated by the CIRC.

Article 12 When signing a compulsory insurance contract for motor vehicle traffic accident liability, the insured shall pay all the insurance premiums at one time; the insurance company shall issue an insurance policy and insurance sign to the insured. The insurance policy and insurance sign shall indicate the insurance policy number, license plate number, insurance period, name, address of the insurance company and telephone number of the claim.

The insured shall place an insurance sign on the insured motor vehicle.

The style of insurance signs is unified across the country. Insurance policies and insurance logos are produced by the CIRC. No unit or individual may forge, alter or use forged or altered insurance policies or insurance marks.

Article 13 When signing a compulsory insurance contract for motor vehicle traffic accident liability, the insured shall not request additional conditions from the insurance company in addition to the insurance clauses and insurance rates.

When signing a compulsory insurance contract for motor vehicle traffic accident liability, an insurance company shall not force the policyholder to enter into a commercial insurance contract and put forward requirements for additional conditions.

Article 14 An insurance company shall not terminate the compulsory insurance contract for liability for motor vehicle traffic accidents; except that the insured person fails to perform the obligation of truthful notification of important matters.

The insured has not fulfilled its obligation of truthful notification of important matters. Before the insurance company terminates the contract, it shall notify the insured in writing. The insured shall fulfill its obligation of truthful notification within 5 days from the date of receiving the notice; , The insurance company may not terminate the contract.

Article 15 If an insurance company terminates a compulsory insurance contract for motor vehicle traffic accident liability, it shall withdraw the insurance policy and insurance sign and notify the motor vehicle management department in writing.

Article 16 The insured shall not terminate the compulsory insurance contract for motor vehicle traffic accident liability, except in one of the following circumstances:

(1) The insured motor vehicle is deregistered according to law;

(2) where the insured motor vehicle is suspended;

(3) The insured motor vehicle was confirmed to be lost by the public security organ.

Article 17 Prior to the termination of the compulsory insurance contract for motor vehicle traffic accident liability, the insurance company shall bear the insurance liability in accordance with the contract.

When the contract is terminated, the insurance company may collect the insurance premium from the date when the insurance liability begins to the date when the contract is terminated, and the remaining insurance premium shall be refunded to the policyholder.

Organizing economic compensation and realizing the payment of insurance benefits are the basic functions of insurance, as are the basic functions of motor vehicle insurance.

The improvement of the level of productivity and the development of science and technology have made human society a civilization. While car civilization has facilitated transportation for human life, it has also caused humans property damage and personal damage caused by accidents such as collisions and overturns in automobile transportation. casualties. Not only that, with the improvement of the productivity level, the advancement of science and technology, the losses caused by risk accidents are getting larger and larger, and the harm to human society is becoming more and more serious. In the course of using motor vehicles, they are more likely to suffer from natural disaster risks and accidents, especially in the event of third-party liability, and it is difficult to compensate for their losses through self-compensation.