You don't have to buy all insurance when you borrow money to buy a car, because other commercial auto insurance is voluntary, that is, the owner doesn't have to buy commercial auto insurance if he doesn't want to.

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.

Contents: Generally speaking, all risks recognized by everyone refer to: compulsory insurance, car damage insurance, third party liability insurance, excluding the insurance of people on board, 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.

Is it necessary to buy a car with a loan and car damage insurance?

Car damage insurance must be purchased by loan, including car damage insurance, burglary insurance, compulsory insurance, three insurance, water insurance and so on. Because the car loan has not been repaid, I voluntarily don't buy car damage insurance after the car loan is repaid. Car damage insurance is the most useful kind of commercial auto insurance, because the vehicle insured with car damage insurance is damaged by effective natural factors or accidents stipulated by the insurance company.

In the process of using the insured vehicle, the insurer shall be responsible for compensation for the loss of the insured vehicle due to the following reasons:

1, collision, overturning and falling;

2. Fire, explosion and spontaneous combustion (spontaneous combustion insurance must be insured separately);

3. Foreign objects fall and collapse;

4. Storms and tornadoes;

5. Lightning strike, hail disaster, rainstorm, flood and tsunami;

6. Ground subsidence, ice subsidence, cliff collapse, avalanche, debris flow and landslide;

7. The ferry carrying insurance vehicles encounters natural disasters (only those who are taken care of by the driver on board). (Photo/Text/Photo: Li Linwei) @20 19

Do I have to buy all insurance when I borrow a car?

The requirements for personal consumption car loan business in China Bank are as follows: (1) If the borrower applies for a loan with the mortgage of the purchased vehicle or/and property other than the purchased vehicle as the guarantee, the handling bank shall require the borrower to apply for collateral insurance. 1. The insurance period shall not be shorter than the loan period, and the insurance amount shall not be less than the sum of the loan principal and interest. The handling bank shall be the insurance beneficiary. 2. During the validity period of the insurance, the handling bank shall require the borrower not to interrupt or cancel the insurance for any reason; If the insurance is interrupted, the lender has the right to take out the insurance on its behalf. In case of damage beyond the scope of insurance liability, the handling bank shall reconfirm and implement the borrower's loan guarantee. 3. For the insurance during the loan period, we should strive for one-time insurance. In the case of underwriting only the insurance of the current year, the handling bank shall require the borrower to provide certain guarantee methods for the insurance of the next year. 4. If the purchased vehicle is mortgaged to provide guarantee, the handling bank shall require the borrower to at least insure the collateral against vehicle loss insurance, burglary insurance, spontaneous combustion insurance and third party liability insurance. (2) Where loans are issued by credit, the handling bank shall require the borrower to at least cover vehicle loss insurance, theft insurance, spontaneous combustion insurance and third party liability insurance for the purchased vehicles. Because there are some differences in different regions, please consult the loan handling outlets for details.

The above contents are for your reference. Please refer to the actual business regulations.

Is it necessary to fully cover the loan to buy a car?

You don't need all insurance to buy a car with a loan

Loan buyers must also meet the following conditions:

Car buyers must be at least 18 years old and be China citizens with full capacity for civil conduct.

Car buyers must have a relatively stable job, a relatively stable economic income or assets that can be easily realized in order to repay the loan principal and interest on schedule. Assets that are easy to realize here generally refer to securities and gold and silver products.

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.

Provide bank-approved guarantees to banks. If the personal account of the car buyer is not local, it should also provide joint liability guarantee, and the bank will not accept the mortgage set by the car buyer for the car purchased by the loan.

Car buyers are willing to accept other conditions that the bank deems necessary.

Insurance for buying a car

Buying a car with a loan doesn't have to be fully insured. By buying a car with a loan, the owner will be under greater pressure to repay the loan. If a major traffic accident occurs during the loan repayment period, car owners will encounter greater economic difficulties and the risk of bank lending will also increase.

It is reasonable and legal for banks to require car owners to buy auto insurance through loans, but banks do not force car owners to buy all insurance.

Some commercial banks require car damage insurance, theft insurance, third party liability insurance and personal accident insurance. In addition to the necessary types of insurance, small types of insurance are sometimes advertised by promoters, while banks have no mandatory requirements for glass insurance, scratch insurance and other types of insurance.

Does the loan insurance for buying a car have to be all-insurance? Do I have to buy all insurance for the loan car?

I believe many car owners have heard that if you buy a car with a loan, you must buy all insurance for the car. Many car owners have different views on this, so is loan insurance necessarily all risks?

In fact, even if you buy a car with a loan, you will not be forced to buy full insurance for the vehicle. As for whether it is necessary to buy a car with a loan, it mainly depends on whether the 4S shop or the owner loan institution has requirements. Some lending institutions and 4s stores will reflect in the contract what insurance the owner needs to buy, or how many years of insurance to buy. The requirements put forward by different 4S stores and lending institutions are mostly different.

In fact, the so-called total insurance, as the name implies, is all insurance for vehicles. It usually includes compulsory insurance, third-party liability insurance and car damage insurance for vehicles, as well as insurance for people on board, and some will also include robbery insurance, glass insurance and car body scratch insurance. Car owners need to choose the insurance suitable for their vehicles according to the actual situation.

Is it necessary to get a loan to buy a car?

You don't have to break into houses to buy a car.

Theft and rescue is not compulsory, but a part of commercial insurance, which can be purchased according to the wishes of car buyers.

The full name of theft and rescue is vehicle theft and rescue, and the insurance liability for vehicle theft and rescue is the loss of the vehicle caused by the whole vehicle being robbed or robbed, and the reasonable cost of repairing the vehicle due to damage or loss of parts during the robbery or robbery.

Extended data

1. Hidden costs need to be known in advance: generally, this situation is easy to happen in secondary dealers. In fact, as long as consumers book a car, they should ask clearly about the expenses included in the total price, and whether there are other hidden expenses, such as new car inspection fees and delivery fees, and also pay attention to whether the loan contract is provided by the bank, which is troublesome when using hands-free cars.

2. Car insurance by installment: If consumers choose to buy a car by installment with a credit card, the general car dealers will ask the designated insurance company to handle the car insurance for a specified period, and consumers should pay attention to whether the car insurance price is acceptable.

3. Verbal agreement does not guarantee: unless consumers apply for unsecured credit loans in the bank and withdraw money, they will buy a car in full at the 4S shop, otherwise other forms of loans will not get all the benefits of buying a car in full. At this time, car dealers often verbally promise various concessions to consumers, and the promises that don't fall on the pen are all on paper. In order to avoid future problems, consumers need to consider when choosing a car loan method.

4. The loan amount should be clear: generally speaking, with personal credit or joint liability guarantee, the maximum loan can be 200,000 yuan; Apply for mortgage with the purchased vehicle or real estate, and the loanable amount is 70%; If a third party applies for secured loans (except banks and insurance companies), the loanable amount is 60%.

5. Repayment methods should be understood: Banks generally provide users who apply for personal car loans with two repayment methods: equal principal and interest and average capital. Among them, the total interest paid by equal principal and interest is relatively large, but the repayment amount in each period is the same, and the repayment pressure is relatively balanced; The repayment amount of each period in the average capital is gradually decreasing. Although the total amount of interest expenditure is less than the equal amount of principal and interest, the amount of repayment in the early stage is large, so think twice about whether it can bear it.