1. There is no clear stipulation on the extended payment period for Ping An Insurance’s car insurance. There is no extension of the payment period. Expiration of the previous year will be invalid. However, it is better to apply in advance. Car insurance is paid once a year. Each year alone, your car is not covered until you re-insure. You need to pay premiums for car insurance every year before it expires. If you don't pay compulsory insurance, you'll be fined if you're caught. If you don't pay commercial insurance, no insurance company will help you pay for your claim in the event of an accident.
2. Motor vehicle insurance, also known as "auto insurance", is a type of transportation insurance that uses the motor vehicle itself and its third-party liability as insurance symbols. Its insurance customers are mainly legal entities and individuals who own various motor vehicles; its insurance subjects are mainly various types of cars, but also include special vehicles such as trams and battery cars, and motorcycles. Motor vehicles refer to cars, trams, battery cars, motorcycles, tractors, various special mechanical vehicles, and special vehicles. In March 2012, the China Insurance Regulatory Commission issued the "Notice on Strengthening the Rate Management of Motor Vehicle Commercial Insurance Clauses" and the "Motor Vehicle Commercial Insurance Model Clauses", promoting the reform of vehicle insurance.
3. Motor vehicle insurance generally includes compulsory traffic insurance and commercial insurance. Commercial insurance includes basic insurance and additional insurance. Basic insurance is divided into vehicle loss insurance and third-party liability insurance, total vehicle theft and rescue insurance (theft and rescue insurance), and vehicle personnel liability insurance (driver liability insurance and passenger liability insurance).
Additional insurance includes individual glass breakage insurance, scratch insurance, spontaneous combustion loss insurance, water-related driving insurance, no-fault liability insurance, vehicle cargo falling liability insurance, vehicle parking loss insurance, and loss of new equipment. Insurance, exclusive special insurance, etc. Individual glass breakage insurance, spontaneous combustion loss insurance, and newly added equipment loss insurance are additional insurances to the vehicle body loss insurance. You must first insure the vehicle loss insurance before you can purchase these additional insurances. Vehicle liability insurance, no-fault liability insurance, vehicle cargo fall liability insurance, etc. are additional insurances of third-party liability insurance. You must first insure third-party liability insurance before you can purchase these additional insurances; each insurance category is not included Deductibles can be insured independently.
Extended reading: How to buy insurance, which one is better, and step-by-step instructions to avoid these "pitfalls" of insurance