Interpretation of car insurance

Auto insurance is a must for vehicle owners and drivers. However, many drivers have many misunderstandings and misunderstandings about auto insurance, which makes the result of insurance compensation or litigation result far from expected.

Misunderstanding 1:

120000 yuan to pay the following insurance are compensable

Some car owners believe that the compulsory insurance has a compensation limit of about 120,000 yuan when choosing insurance. Therefore, after a traffic accident, the 120,000 yuan is a “repairable item”.

There is a limit to compulsory traffic insurance, and in accordance with the provisions of the existing traffic insurance risk limit: where the insured person is responsible, the medical insurance compensation limit is 10,000 yuan, the death penalty is 110,000 yuan, and the property loss limit is 2,000 yuan; In the absence of responsibility, the medical insurance compensation limit is 1,000 yuan, the death and disability limit is 11,000 yuan, and the property loss limit is 100 yuan. In other words, compensation for compulsory insurance is calculated according to the project, medical expenses, nutrition fees, and hospital meals and food subsidies are all within the limits of compensation for medical expenses, death compensation, disability compensation, funeral expenses, nursing fees, transportation expenses, and loss of working time. Such are the limits of death and disability. Therefore, the RMB 120,000 compulsory traffic insurance limit is not a simple sum of all the losses, and the limits between various categories cannot be confused.

Misunderstanding 2:

There is no worry about "all risks"

Many policyholders think that they are on “all risks” and no matter what kind of accidents happen, they are not worried. However, there is no concept of “all risks” in auto insurance. The motor vehicle insurance consists of various types of insurance, such as compulsory insurance, vehicle loss insurance, third-party liability insurance, stolen emergency insurance, non-refundable insurance, on-board personnel insurance, glass insurance, and wading insurance. Generally, the so-called “all risks” include major insurance types such as compulsory traffic insurance, vehicle loss insurance, third-party liability insurance, stolen emergency insurance, and non-comprising replacement insurance. For those with special insurance such as glass insurance, they do not include them. Each insurance coverage can be insured on demand. What needs special attention is that after traffic accidents occur on the roads, TAC insurance and third-party liability insurance are the main types of compensation. Many other types of insurance are not compensated.

Misunderstanding three:

With insurance it is safe

Some people think that insurance is the master key, as long as the insurance is more on the point, the high value of the sum insured is all right. However, according to the stipulations of the TAC regulations and the insurance contract, some loss insurance companies do not pay compensation, such as intentional losses or indirect losses. Therefore, under the premise that the insurance company does its best to pay attention to the prompt obligation, if the traffic accident causes the victim to indirectly damage such as operating loss, which belongs to the scope of exemption of the insurance company, the infringer shall bear the liability for compensation.

At the same time, according to Chinese laws and regulations, in the event of illegal driving, such as drunk driving, driving without a license, taking psychoactive drugs or narcotic drugs, etc., insurance companies can only advance payment of compensation within the personal injury limit of the compulsory insurance, while advancing. The insurance company also has the right to recover from the infringer, while the third party liability insurance does not compensate for the violation of the law. In other words, under the above circumstances, the advance payment of the compulsory insurance is only for the timely treatment of the wounded. Even if the insurance is covered and the high-level commercial insurance is insured, all responsibility is ultimately borne by the infringer.

Insurance plays an irreplaceable role in our safe driving and protecting rights. More insurance knowledge requires drivers and vehicle owners to pay more attention and study at ordinary times.