The main types of auto insurance are as follows:
1. Third party liability insurance
The insurance company will compensate for the direct loss of property or personal injury suffered by others due to an accident of the insured vehicle in accordance with the relevant provisions of the insurance contract. The emphasis here is on "others", that is, the third party.
The insurance responsibility of the insurance company is stipulated in the insurance contract: the insured is allowed by the qualified driver in the use of the insured vehicle in the process of an accident, resulting in the third party suffered personal injury or death or property damage, the insurance company in accordance with the "Measures for the Handling of Road Traffic Accidents" and the provisions of the insurance contract to pay compensation.
2, car theft insurance
The insurance company is responsible for compensating for the reasonable cost of repairing the insured vehicle if the vehicle is stolen or robbed, and the public security criminal investigation department confirms that the whereabouts of the insured vehicle have not been ascertained for three months or the insured vehicle has been damaged during the period of being stolen, robbed or snatched, or the parts and accessories of the vehicle have been lost.
3. Liability Insurance
The insurance company will compensate the insured for the financial liability that should be borne by the insured for the direct damage of the goods carried on the insured vehicle and the personal injury or death of the vehicle's occupants due to an accident that occurs in the course of the use of the insured motor vehicle, and the insurance company will compensate the insured for the amount of the compensation within the insurance amount as stated in the insurance policy.
Expanded Information:
Automobile Insurance Functions:
Organization of Financial Compensation and Achievements The payment of insurance benefits is the basic function of insurance, and the same is the basic function of motor vehicle insurance. Productivity level, scientific and technological development of human society towards civilization, automobile civilization in the life of mankind to the convenience of transportation at the same time, but also brought to mankind due to automobile transport in the collision, overturning and other accidents caused by property damage and personal injury and death.
Not only that, with the improvement of productivity level, scientific and technological progress, the risk of accidents caused by the loss of more and more large, the harm to human society is also more and more serious. Motor vehicles in the use of the process of natural disaster risk and the probability of accidents is greater, especially in the occurrence of third-party liability in the accident, the loss of compensation is difficult to self-compensation through.
Baidu Encyclopedia-Motor Vehicle Insurance
Baidu Encyclopedia-Vehicle Insurance