The earliest motor vehicle insurance policy was issued in 1895 by the British "Legal Accident Insurance Company" issued premiums of 10 pounds to 100 pounds of automobile third-party liability insurance policy, can be increased under the conditions of increased insurance premiums. After the founding of New China in 1950, the People's Insurance Company of China, which was founded not long ago, started automobile insurance. However, due to insufficient publicity and biased understanding, controversy soon arose over this insurance. Some people believed that automobile insurance and third party liability insurance would lead to an increase in the number of traffic accidents and have a negative impact on the society by providing financial compensation to the perpetrators of accidents. As a result, the People's Insurance Company of China (PIC) ceased its automobile insurance business in 1955. It was not until the mid-1970s that PICC began to handle automobile insurance, mainly for foreigners, in order to meet the needs of foreigners' automobiles owned by the embassies and consulates of various countries in China.
The process of auto insurance claims is as follows: Generally, the insurance company requires that the case be reported within 48 hours, and after the case is reported, the insurance company will send a surveyor to the scene to determine whether your traces are consistent, and if they are consistent, they are generally recognized. You will drive the car away from the incident site not far away, can still be based on the height of the scene, traces of these measurements, there will be no effect. But to report the case within the time specified by the insurance company, if the report is late, it is possible to add a deduction of part of the exemption. Car insurance claim is a car accident, the owner of the car to the insurance company to claim. The basic process of claim settlement includes: reporting, investigation and damage determination, signing and reviewing the claim documents, adjusting and reviewing, approving, and paying and closing the case. Additional insurance includes glass breakage insurance, scratch insurance, spontaneous combustion damage insurance, water-related driving insurance, no-fault liability insurance, liability insurance for falling cargos, vehicle stopping loss insurance, additional equipment loss insurance, and non-deductible special insurance. Separate glass breakage insurance, spontaneous combustion damage insurance, new equipment damage insurance, is the body damage insurance additional insurance, you must first insure the vehicle damage insurance before you can insure these additional insurance. Vehicle liability insurance, no-fault liability insurance, vehicle cargo drop liability insurance, etc., is the third-party liability insurance additional insurance, you must first insure the third-party liability insurance before you can insure these additional insurance; each of the insurance does not count the deductible can be insured independently.