The highest priority of loan second-hand car insurance is transfer, otherwise it will affect the later claims. If the original owner surrenders and the new owner buys it himself, he needs to bring relevant information to the insurance company to buy it or apply for insurance online. Generally speaking, in addition to compulsory purchase of second-hand car insurance, commercial auto insurance can be insured by itself. It should be noted that the insurance coverage of car damage insurance is generally calculated according to the actual value of car damage insurance, which will lead to depreciation. To put it simply, the longer the car age, the lower the insurance coverage of car damage insurance, which may be unnecessary for car owners, as long as they choose whether to insure according to their actual needs. Insurance features: The compensation method of motor vehicle insurance is generally repair, but if the replacement price of the vehicle is cheaper than the repair cost, the insurance company is likely to compensate for the total loss of the vehicle. Generally speaking, the insured amount of motor vehicle insurance is the purchase price of the new car or the value of the vehicle at the time of insurance. However, when the vehicle depreciates in use, the insurance company will set an absolute deductible, so in the case of total loss, the indemnity will definitely be lower than the insured amount. The insurance period of this kind of insurance is generally within one year. If there is no claim within the insurance period, you can enjoy the preferential rate of no compensation when you renew your insurance. (1) The risk rate of the subject matter insured is high. Motor vehicles are means of transportation, and the normal state is to keep moving, which is easy to cause personal and property losses due to collision. Moreover, due to the imperfection of early administrative licensing procedures, many drivers do not have basic operating skills. Traffic facilities and management have been gradually improved, and the accident rate of motor vehicles is high. (2) There are many businesses and high insurance rates. Due to the high accident rate of motor vehicles, motor vehicle owners and traffic management departments transfer risks through insurance, so motor vehicle insurance business increases and insurance rates are high. (3) The types of insurance are complex and professional, which is easy for consumers to misunderstand. Motor vehicle insurance is divided into basic insurance and additional insurance, of which additional insurance cannot be insured independently. Basic insurance includes third party liability insurance (three liability insurance) and vehicle loss insurance (vehicle damage insurance); Additional risks include vehicle theft, vehicle liability insurance, no-fault liability insurance, vehicle cargo falling liability insurance, glass breakage insurance, vehicle stop loss insurance, spontaneous combustion loss insurance, new equipment loss insurance, special insurance without deductible, etc. However, many types of insurance can not be understood literally, and some insurance company staff are misleading when introducing insurance, which leads to consumers' inability to better understand the terms of various types of insurance, resulting in misunderstandings. (4) Uncertainty Because the motor vehicle runs on land, it has great mobility and uncertain journey, which undoubtedly increases the uncertainty and unpredictability of dangerous accidents and insurance losses for insurers.
Second, why did I buy a second-hand car installment policy myself?
The evaluation price of used cars is influenced by many factors, such as age, mileage, condition and maintenance. If you can't evaluate them yourself, you can make a rough evaluation with online evaluation tools.
Then go to the major used car platforms to inquire about the market price of used cars of the same model, same parameters and same type, and basically infer the actual market price range of a certain model through comprehensive comparison.
Third, can I buy second-hand car insurance myself?
Legal analysis: Yes, compulsory insurance is compulsory, but commercial insurance is not.
Whether you can borrow money to buy auto insurance depends on the provisions in the loan agreement. If it is a bank loan to buy a car, the bank has no restrictions on the way to buy insurance, and the owner can find an insurance company to insure himself. If you buy a car through loans from some financial institutions and 4S stores, it will usually be bundled with insurance and can only be implemented in accordance with the terms of the contract.
In addition, there is no limit to buying a car with a loan in the second year. You can choose your own insurance company and insurance to buy.
Loan to buy car insurance, if the lending institution insists on buying it for him, the types of insurance generally include compulsory insurance, burglary insurance and deductible insurance, and it is not necessary to buy all insurance; If lending institutions do not rigidly require insurance institutions to choose insurance companies, try to choose large insurance companies.
Even if you buy a car with a loan and have auto insurance, it doesn't matter if you choose insurance according to your own needs.
Article 22 After the occurrence of an insured accident, when the applicant, the insured or the beneficiary requests the insurer to compensate or pay the insurance money according to the insurance contract, they shall provide the insurer with the relevant certificates and materials that they can provide to confirm the insured accident. According to the provisions of the insurance contract, if the insurer thinks that the relevant certificates and materials are incomplete, it shall notify the beneficiary to supplement the relevant certificates.
Upon receiving the request of the insured or the insured and reaching an agreement with the insured or beneficiary on compensation or payment of insurance benefits, the insurer shall perform the obligation of compensation or payment of insurance benefits within ten days. If the term of the insurance contract is stipulated in the insurance contract, the insurer shall perform the obligation of compensation or payment of insurance benefits in accordance with the provisions of the insurance contract.
4. What is second-hand car loan insurance?
Handling the transfer of used car insurance mainly needs to pay attention to the following points:
1. In general, the place of insurance purchase and the place of insurance transfer are required to be the same; If the vehicle insurance is purchased in other cities or provinces, and the information is complete, the staff of the local insurance company can assist the customer to contact the relevant departments of insurance companies in other cities for correction.
2. Information required for insurance transfer: original owner, new owner's ID card, new owner's driving license, vehicle registration certificate, payment and commercial insurance policy.
3. Because the commercial insurance belongs to the original owner's voluntary purchase and the ownership belongs to the original owner, the original ID card of the original owner is needed to obtain the consent of the original owner when the commercial insurance is transferred.
4. Effective time of re-insurance: The vehicle insurance approval will take effect in the early morning of the day after the insurance company's underwriting.