Current status of China’s auto insurance development. At present, China’s automobile insurance, or motor vehicle insurance, has developed into a standard means of transport insurance, with the motor vehicle itself and its third party liability as the insurance mark. Individuals as insurance customers, with various types of cars as the subject of insurance, in addition to standard cars also include special vehicles such as trams, battery cars and motorcycles.
After decades of development and improvement, China’s current auto insurance system consists of compulsory motor vehicle accident liability insurance and motor vehicle commercial insurance. Compulsory motor vehicle accident liability liability insurance is payable insurance. It is the first to be formulated and implemented by national laws and regulations. Compulsory insurance system, motor vehicle commercial insurance includes motor vehicle basic insurance and motor vehicle additional insurance. Commercial basic insurance is divided into commercial vehicle loss insurance, commercial third party liability insurance, and full vehicle theft insurance. Motor vehicle additional insurance includes vehicle personnel liability insurance, glass breakage insurance, scratch insurance, spontaneous combustion loss insurance, Water travel insurance, no-fault liability insurance, vehicle cargo drop liability insurance, vehicle stopping loss insurance, new equipment loss insurance, and exemption from special insurance. Separate glass breakage insurance, spontaneous combustion loss insurance, and new equipment loss insurance are additional risks of body loss insurance.
You must first insure vehicle loss insurance before you can insure these additional risks. On-board personnel liability insurance, no-fault liability insurance, and on-board cargo drop liability insurance are additional risks to third-party liability insurance. These third-party insurance must be insured first. Although after decades of development and improvement, the construction of China’s auto insurance system has been greatly improved, but in general, the entire system is relatively divided, and the types of traffic insurance risks that are uniformly enforced across the country are also unique. No detailed insurance classification has been carried out. (2) Comparative analysis of motor vehicle liability insurance in China. Paying strong insurance in China is a compulsory and statutory special third-party liability insurance with obvious social security functions. Its purpose is to ensure that victims in traffic accidents can be effectively compensated in a timely manner.
Motor vehicle commercial insurance is based on For the purpose of transferring the risk of the insured, it is a common commercial insurance with free contract. Except for the nature of insurance and the purpose of implementation. There are also big differences in other aspects. The business philosophy of paying strong insurance is that you can not win or lose, and the profitability of commercial third party liability insurance is its main feature. At the same time, the insured or the insured and the victims in the strong insurance have the right to claim insurance benefits, so that the victims can get timely and effective assistance and financial compensation. The commercial third party liability insurance except for insurance contracts No one has the right to report directly to the insurance company The company claims that only the insured or the insured have the right to claim insurance compensation.
There is also a difference in the scope of protection. The scope of protection of strong insurance is very wide. The scope of protection of commercial third party liability insurance is relatively narrow. Insurance companies have also stipulated corresponding deductibles, liability rates or exemptions from liability.