How to calculate the insured amount of car damage and how to calculate the insured amount of car dam

What does car damage insurance mean? Although many car owners are usually cautious when driving, accidents are inevitable. When an accident occurs, the car will be damaged, and if you don't have car damage insurance, then you will have to pay for the repair of the car yourself.

But if you have car damage insurance, then the insurance company will cover most of the repair costs. Speaking of which, everyone should basically know what car damage insurance means. To sum up, car damage insurance means that the insurer or its driver has an accident while driving, resulting in damage to the vehicle, and the insurance company will compensate within a reasonable range.

The scope of compensation also includes losses caused by most natural disasters except **.

Some car owners: the amount of insurance has increased. Purchase tax is included in the amount of car damage insurance, which many car owners find completely unreasonable.

Because after the purchase tax is added, the premium is increased a lot. However, at present, when insurance companies collect the insured amount of car damage insurance, they do calculate it on the basis of naked cars** + purchase tax.

Insurers: It is a common practice in the industry. At present, the insured amount of car damage insurance is mostly determined according to the purchase price of the new car, and this provision is clearly stated in the car damage insurance clauses of various insurance companies.

What does car damage insurance meanIn the eyes of the insurance company, car damage insurance includes purchase tax. The reason why they adopt this regulation is said to be because the insurance company does not know how much cheaper the car price is when consumers buy the car, and the **invoice issued for the naked car may not truly reflect the market of the car**.

How to calculate car damage insurance.

The purchase invoice is used as the insurance amount for new cars, and the purchase price x depreciation factor or the system value of the insurance company x depreciation factor is used as the insurance amount for old cars.

It is calculated according to the price of the car, the more expensive the car, the higher the premium, and the age of the car, as well as whether there was any insurance in the previous year. The rates are also different for each insurance company

Car damage insurance. The sum insured is calculated as follows:

1. Calculate the insured amount of car damage insurance according to the purchase price of the new car, that is, the insured can get compensation for the actual loss when the accident occurs;

2. Calculate the insured amount of car damage insurance according to the actual value at the time of insurance, that is, calculate the insured amount according to the purchase price of the new car minus the depreciation amount.

3. The insured and the insurance company negotiate to calculate the insured amount of car damage insurance, which is usually used for rare models or confiscated models, because rare models are higher and often have no comparison in the market, while the first of confiscated models is relatively low.

For example, an insurance company has set 12 levels of car insurance rate adjustment, the highest level is 12 levels, and the insurance premium will be adjusted to 200; The lowest level is the first level, and its premium will be adjusted to 50. Pay attention to the amount insured.

It must not exceed the purchase price of the new car at the time of insurance, as the excess amount is invalid.

Determined by the purchase price of the new car

Applicable to the purchase of new vehicles, according to the purchase of the car at the time of the ** to determine the amount of insurance, can ensure that the value of their vehicle in line with the market value, this way of insurance, the insurance company believes that it is fully insured, the insured can get compensation consistent with the actual loss when the accident occurs.

Determined by the actual value of the vehicle at the time of insurance

The actual value of the vehicle used for renewal refers to the purchase price of the new car minus the amount of depreciation, and the depreciation is calculated by deducting 1 year for every full year, and the part less than one year is not depreciated, and the maximum depreciation amount does not exceed 80% of the purchase price of the new car. Although this insurance method can pay less premiums, it is underinsured in terms of insurance.

Sum Insured Fee. Vehicle wading insurance and vehicle damage insurance are not the same thing. If the engine is damaged by water ingress into the vehicle, it is not covered by the vehicle damage insurance. This is also the misunderstanding between many policyholders and insurance companies after the heavy rain disaster.

Next, let's understand the method of calculating the premium of car damage insurance, which is divided into full loss, partial loss, and rescue expenses according to the loss of the insured vehicle, and the amount of compensation for the loss of the insured vehicle is calculated separately, but does not exceed the amount of the insured amount. Moreover, the formula for calculating and compensating for each of these three types of losses is different.

Do you think that the calculation of car damage insurance premiums is a very cumbersome matter, you don't need to know so many formulas and calculation methods, you only need to find the insurance company's car insurance, and you can easily get everything. Not only can you use the car insurance calculator to calculate the cost of vehicle insurance, but you can also keep track of the progress of your vehicle insurance or vehicle claim online. In other words, you don't need to go to an insurance company, you can apply online.

What does car damage insurance mean? How is the sum insured determined?

The amount of vehicle damage insurance is calculated through a specific formula, that is: vehicle loss insurance premium = basic premium + purchase *** rate.

1. The insured amount of car damage indicates that the insurer will count the motor vehicle in danger of car loss due to natural disasters or accidents within the scope of insurance liability, and is the maximum amount of compensation given. Auto loss insurance is insured by most insurance companies, and the terms of auto loss insurance stipulate that the insured and the insurer can determine the amount of coverage in one of three ways.

2. These three ways are the purchase of new cars (including car purchase surcharges), the actual value of new cars (new car purchase ** minus depreciation) and the value negotiated according to the actual situation, the insured amount shall not exceed the insured value, and the excess part is invalid to check the insured amount of vehicle damage insurance when the accident occurs.

3. Auto insurance, i.e., motor vehicle insurance, referred to as auto insurance. It is a type of commercial insurance that pays for bodily injury or property damage caused by natural disasters or accidents. Car insurance is a type of property insurance.

In the field of property insurance, car insurance is a relatively young insurance, which is due to the emergence and popularization of car insurance with the development of the automobile industry.

Extended Materials. 1. Be careful not to repeat the car insurance, it is useless. Car owners should avoid duplicate insurance when applying for car insurance.

Some property owners may think that they have a high chance of escaping in a certain area, so they will apply for this insurance again, thinking that they can get duplicate compensation. In fact, this is wrong. Even if the car owner repeatedly takes out some kind of insurance, he will not receive additional compensation in terms of compensation.

2. Some owners, apparently worth 100,000 yuan, but insured 150,000 yuan, think that they need to use more money to compensate for more money. Some cars are worth $200,000, but they only insure $100,000. Neither of these insurances is effectively guaranteed.

According to Article 39 of the Insurance Law, "the insured amount shall not exceed the insured value". If the insured value is exceeded, the excess amount shall be invalid. If the insured amount is lower than the insured value, the insurer shall bear the liability for compensation proportional to the insured amount and the insured value, unless otherwise agreed in the insurance contract.

As a result, neither overinsurance nor overinsurance can get additional benefits.

1.According to the purchase price of the new car of the insured motor vehicle at the time of insurance:

The purchase of a new car at the time of insurance shall be determined according to the market sales of the same type of new car signed in the insurance contract at the time of insurance (including vehicle purchase tax), and it shall be stated in the insurance policy that if there is no market sale of a new car of the same type, it shall be determined by the policyholder and the insurer of Baohu Orange Mu.

2.According to the actual value of the insured motor vehicle at the time of insurance:

The actual value of the insured motor vehicle at the time of insurance is determined by the purchase price of the new vehicle less the amount of depreciation at the time of insurance. The depreciation of the insured motor vehicle is calculated on a monthly basis, and the portion of the insured motor vehicle is not depreciated for less than one month. Depreciation amount = purchase price of the new car at the time of insurance The number of months of use of the insured motor vehicle The monthly depreciation rate.

3.Negotiate and determine the purchase of a new car for the insured motor vehicle at the time of insurance**:

Damage insurance is a type of sliding rate insurance. When the car owner renews the insurance, the insurance company will make dynamic adjustments according to the insurance and claim situation. For example, an insurance company has set 12 levels of car insurance rate adjustment, and the highest level is 12, and its premium will be adjusted to 200%.

The lowest level is Level 1, and its premium will be adjusted to 50%.

Millions of car purchase subsidies.

The purchase price of the new car at the time of insurance is determined according to the market sales of the same type of new car signed in the insurance contract at the time of insurance (including vehicle purchase tax), and it is stated in the insurance policy that if there is no market sale of ** rubber for the same type of new car, it shall be determined by the policyholder and the insurer through negotiation.

2. Determined according to the actual value of the insured motor vehicle at the time of insurance

The actual value of the insured motor vehicle at the time of insurance is determined based on the purchase price of the new vehicle at the time of insurance minus the amount of depreciation. The depreciation of the insured motor vehicle is calculated on a monthly basis, and the part less than one month is not depreciated. Depreciation amount = purchase price of the new car at the time of insurance The number of months the insured motor vehicle has been used The monthly depreciation rate.

3. Negotiated within the purchase price of the new car of the insured motor vehicle at the time of insurance

For example, an insurance company has set 12 levels of car insurance rate adjustment, and the highest level is 12 levels, and the insurance premium will be adjusted to 200%; The lowest level is the first level, and the premium will be adjusted to 50%.

Millions of car purchase subsidies.

1.According to the purchase of a new car of the insured motor vehicle at the time of insurance**: the purchase of a new car at the time of insurance is determined according to the market sales of the same type of new car signed in the insurance contract at the time of insurance (including vehicle purchase tax), and the insurance policy states that if there is no market sale of a new car of the same type**, it shall be determined by the policyholder and the insurer through negotiation.

2.Based on the actual value of the insured motor vehicle at the time of insurance: The actual value of the insured motor vehicle at the time of insurance is determined by the purchase** at the time of insurance of the new vehicle minus the amount of depreciation.

Depreciation of the insured motor vehicle is calculated on a monthly basis, and the portion of the insured motor vehicle is not depreciated for a month. Depreciation amount = purchase of the new car at the time of insurance** Number of months of use of the insured motor vehicle Monthly depreciation rate. 3.

Negotiate a new car purchase at the time of insurance for the insured vehicle**: Damage insurance is a variable rate insurance. When a car owner renews their insurance, the insurance company will dynamically adjust it according to the insurance and claim situation.

For example, an insurance company has set 12 car insurance rate adjustment levels, and the highest level is 12 grades, and its premium will be adjusted to 200%. The lowest level is Level 1, and its premium will be adjusted to 50%.