Loan to buy a car, the second year did not renew the insurance in the guarantee company. According to the contract, I broke the contract, but I don't want to pay a penalty of 16000 yuan. What should I do? Hello: in the final analysis, the insurance business fee is at work! Generally speaking, as long as you handle compulsory insurance, car damage insurance, three liability insurance, spontaneous combustion insurance and burglary insurance as required (when an insurance company handles it, it means mortgage, and the counter staff will know the above types of insurance, and the first beneficiary is the loan bank).

I just read the agreement, but I didn't specify what channel to handle it. If you sell by telephone, is the other party willing to insure you? The answer is "no".

Moreover, the guarantee company itself does not have the agency qualification (insurance concurrent agency), and all agreements that violate laws and regulations are invalid.