After buying a car, you need to buy auto insurance. For example, if you buy a car by mortgage, if the loan is paid off within five years, then you need to bind the auto insurance for at least five years. In fact, there is no need to buy auto insurance for cars purchased by mortgage. When some car owners buy insurance for new cars, they don't know the situation and buy auto insurance. In fact, there is no need to buy auto insurance for new cars. The probability of spontaneous combustion of a new car just leaving the factory is very small. If spontaneous combustion occurs, it is a quality problem of the car company, and the owner has the right to claim compensation from the car company.
How to buy mortgage insurance is the most reasonable? If it is a new car, there is no need to buy self-ignition insurance; If the vehicle is parked in a safer place, there is no need to insure against theft and emergency insurance. It is best to purchase auto insurance by mortgage through the online auto insurance purchase channel, because the online auto insurance purchase channel is by far the most convenient, fast and affordable, and car owners will get the biggest discount by purchasing auto insurance through this channel and enjoy the same service as car owners who purchase auto insurance through other channels.
There are some precautions for buying auto insurance by mortgage:
1. When the borrower applies for automobile mortgage, he must apply for vehicle loss insurance, burglary insurance, natural insurance and third party liability insurance in the insurance company while providing the guarantee.
2. The insurance contract shall indicate that the loan bank is the first beneficiary.
3. The insurance period shall not be shorter than the loan period.
4. Before the loan is fully settled, the borrower shall not suspend or cancel the insurance for any reason.