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, directly insured normally, and enters the claim settlement procedure.
2, mortgage loans, the beneficiary is generally a bank, the car mainly negotiated with the insurance beneficiary, and the bank came forward to settle claims.
This is a difficult problem for people who borrow money to buy a car. There is a problem with the commercial insurance of vehicles: as long as the vehicles are not scrapped, banks will not take the initiative to claim compensation without worrying about repaying loans. The beneficiary is not the owner, and the insurance company can refuse to pay compensation. If the owner uses the car, he must repair it himself, pay the insurance premium and repay the loan, but the loss of the car will not come.
Second, the loan to buy a car, the policy is in the bank (the bank is the first beneficiary), is it necessary to pay the bank if it is out of danger? How do I pay the shopkeeper?
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, and confirm that you will pay the claim to the owner by letter, and then pay the fee.
Extended data:
Automobile consumption loan is a new loan method for banks to buy cars at 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) Car buyers 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 must deposit no less than the down payment for car purchase specified by the bank in the bank savings counter account.
(4) If there is a guarantee place recognized by the bank, joint liability guarantee shall also be provided. The bank does not accept the mortgage set by the car buyer on the vehicle purchased by the loan.
(5) Car buyers are willing to accept other conditions deemed necessary by the bank.