Determination of the amount of insurance. The method for confirming motor vehicle loss insurance is determined by the original “purchase price of the insured motor vehicle at the time of insurance application, the actual value of the insured motor vehicle at the time of insurance application, and the negotiation and determination of the new vehicle purchase price of the insured vehicle at the time of insurance application. The three types of insurance amounts now become “determined based on the actual value of the insured motor vehicle at the time of insurance”. Put an end to the “high security and low compensation” phenomenon. 1.1.2 Rescue costs. The determination of rescue costs has also changed from the sum of rescue costs and vehicle repair costs not exceeding the insured amount to “the amount of rescue costs is calculated separately from the amount of compensation for the loss of the insured motor vehicle, and the maximum amount does not exceed the amount of insurance”. It is more in line with the second paragraph of Article 57 of the Insurance Law: “After an insured accident occurs, the necessary and reasonable expenses paid by the insured to prevent or reduce the loss of the subject-matter insured shall be borne by the insurer; the expenses incurred by the insurer The amount shall be calculated separately from the amount of compensation for the insured subject matter, and shall not exceed the amount insured “. 1.1.3 Generation for compensation. When compensating, the original “insurer assumes the corresponding compensation liability based on the proportion of the insured motor vehicle driver’s liability in the accident.” Becomes “insured accidents caused by third parties’ damage to the insured motor vehicle, … The insured can also claim directly from the insurer. The insurer pays the insured first within the amount of insurance and subrogates the insured’s right to claim compensation from a third party within the amount of compensation. “Clear subrogation recovery.
1.2 Motor Vehicle Third Party Liability Insurance
1.2.1 Personal injuries of family members. Exclusion of liability The personal injury caused to the insured and the driver’s family members during the accident. 1.2.2 Scope of family members. The scope of family members is clearly explained in the new articles as spouse, children, parents.
1.3 additional risks
The new clause canceled the on-board luggage loss insurance clause, merged the motor vehicle parking loss insurance clause and the special motor vehicle service special clause into the cost compensation insurance during the repair period, and increased the motor vehicle loss insurance unable to find third-party special insurance.
2 rate determination
2.1 billing model
The rate determination not only considers the type and use nature of the vehicle, but also increases the zero ratio, so the vehicle’s own risk and the cost of maintenance and replacement of the vehicle after an accident are used as the rate determination impact factor.
2.2 floating rate ratio
There are three main rate fluctuation coefficients, namely, no compensation preferential treatment and previous year’s compensation record (NCD), independent channels, and independent underwriting. If a vehicle incurs five or more indemnities in a year, the premium in the coming year will be twice as much as in the case of a new insurance or one in the previous year, which is an increase of 3.33 times compared to the case where no indemnity has occurred for three consecutive years. The independent underwriting factor includes factors such as people and cars, such as the driving age, age, and gender of the owner, the mileage of the insured vehicle, and the agreed driving area. Between [0.85, 1.15] is determined by each insurance company. The channel coefficient is mainly related to the business quality and cost of the business source channel, and each insurance company decides between [0.85, 1.15].