The car bought with the loan had an accident, mainly depending on who the insurance beneficiary is:

1, credit loan, the beneficiary of the insurance is generally the owner, and the insurance is directly insured normally and enters the claim settlement procedure.

2. For mortgage loans, the beneficiary is generally a bank. If the owner negotiates with the insurance beneficiary, the bank will make a claim.

It is such a difficult problem for people who borrow money to buy a car. There is a problem with vehicle commercial insurance: as long as the car is not scrapped, the bank will not take the initiative to claim compensation, and there is no need to worry about repaying the loan. The beneficiary is not the owner of the car, so the insurance company can refuse to pay compensation, while the owner of the car has to repair it himself, pay the insurance premium and repay the loan, but the loss of the car can't come.

Second, the loan to buy a car, the policy is in the bank (the bank is the first beneficiary), do you have to pay the bank if you are out of danger? How can I pay the owner?

According to the regulations of the bank, the first beneficiary is the loan bank with special agreement.

When insurance claims occur, you should submit your ID card, driver's license, traffic accident responsibility confirmation and other related materials to confirm the payment to the owner, and then pay the fee.

Extended data:

Automobile consumption loan is a new loan method for banks to buy cars at their special dealers.

Loan to buy a car means that the lender sends money to the borrower who applies for a car to buy a car, but the down payment and repayment records required by the financial institution must meet the requirements of the financial institution to apply for a loan to buy a car.

Loan buyers must also meet the following conditions:

(1) The car buyer must be at least 18 years old and have full capacity for civil conduct.

(2) Car buyers must have a relatively stable job and relatively stable assets, which can be easily realized on schedule. Assets that are easy to realize on schedule generally refer to securities and gold and silver products.

(3) During the loan application period, the car buyer shall deposit no less than the down payment stipulated by the bank in the account of the bank savings counter.

(4) If the bank provides a guarantee place recognized by the bank, it should also provide a joint liability guarantee. The bank does not accept the mortgage of the vehicle purchased by the car buyer with the loan.

(5) Car buyers are willing to accept other conditions deemed necessary by the bank.