At present, most lending institutions require borrowers to buy all insurance before lending. The reason why borrowers are required to buy all insurance is because the cars they buy with loans are under pressure to repay their loans every month. If the vehicle is damaged due to a major traffic accident during the loan period, the borrower is likely to encounter greater economic risks and may eventually be unable to repay the money of the lending institution. Therefore, in order to reduce this risk, lending institutions will require borrowers to buy full insurance. And if the lender really needs to buy all risks, the borrower can negotiate with the lender first. If the lender is forced to buy all risks, it can change to another lender or report to the relevant departments.
All Risks, the superficial meaning of this term is a bit confusing, because this kind of insurance covers a wide range.
Including: Generally speaking, all risks recognized by everyone refer to: compulsory insurance+car damage insurance+third party liability insurance+excluding deductible+vehicle personnel insurance, etc. If conditions permit, you can also add theft insurance, glass insurance, car body scratch insurance, spontaneous combustion insurance and so on. But no matter how much insurance you buy, the insurance company can't compensate for any losses. The following situations belong to the insurance company's refusal to pay compensation.
Non-claim situation:
1. Lost car in toll parking lot: In general, if the car is stolen in toll parking lot or repair shop, the insurance company is not responsible for compensation. Because the insurance company thinks that the parking lot is responsible for keeping the vehicles, but the insurance company is not. Therefore, in the case of such a lost car, the insured does not have to go to the insurance company to make claims. Even if an insurance company is found, the insurance company will not be responsible. Instead, we should strive for time as soon as possible and let the custodian responsible for the loss of the car be responsible for compensation.
2. The driver's intentional accident: According to the insurance clauses, the driver's intentional behavior belongs to the scope of exemption from liability, so even if there is an emergency, if the accident is caused by the driver's intentional behavior, the insurance company will not be responsible for compensation. Therefore, car owners must abide by the insurance clauses, otherwise they will suffer. Of course, drivers should not take chances and deliberately create accidents, so that they will not only get compensation, but also be labeled as insurance fraud.
3. Loss of contents in the car: According to the insured amount in the insurance product, the scope of compensation for theft and rescue is only the car itself, excluding contents in the car. At present, most of the items in the car are not underwritten by insurance companies, and only a few companies' property insurance products can promise to compensate for special items in the car. Therefore, the insured should try not to put valuables in his car, but should put them in a safer place or carry them with him to avoid accidents and unnecessary property losses.
4. The vehicle collides with one's home: The third party liability insurance is only responsible for compensating the personal injury or property loss of the third party caused by the accident of the insured vehicle. According to the provisions of third party liability insurance, the definition of "third party" does not include the insurer, the insured, the driver and family members of the vehicle at the time of the accident, and the family members of the insured. Therefore, if the driver accidentally bumps into his family, he has to admit that he is unlucky, because the insurance company can't compensate for this situation.
5. Others are not covered by insurance. 10 is more common. For example, damage to the headlights or rearview mirrors alone will not be compensated; Let the person who is fully responsible run away without compensation; Engine damage caused by forced ignition in deep water shall not be compensated; No compensation shall be paid for the losses caused in the process of vehicle maintenance; Towing a car without compulsory insurance shall not be compensated; Equipment installed privately will not be compensated; No compensation for damage caused by the articles in the car; Direct repairs without fixed losses will not be compensated; No compensation for stolen vehicle parts, and so on. In addition, the insurance company can also refuse to pay compensation for drunk driving, driving without a license, driving license and driver's license without annual inspection.