Third party liability insurance, including self compensation

Although the insurance compensation is not to compensate oneself, it is still oneself who benefits, otherwise the compensation given by the insurance company will be paid out of one's own pocket to a third party, that is, the person who was injured accidentally. Everyone should have bought insurance, and the three insurances also have different compensation amounts.

The third party liability insurance covers the injury suffered by the third party, including his life and property, such as injury, death, cash, jewelry and other property directly damaged. The full name of the third party liability insurance is the compulsory third party liability insurance for motor vehicles, and it can be seen from the full name that the third party insurance is automobile insurance, which is one of the four basic insurances that must be bought for automobiles. However, after buying this insurance, the compensation obtained is not for yourself, but for a third person who accidentally broke in.

A very simple example, Zhang San bought three insurance for his car, drove his car and Li Si's taxi collided, Wang Wu is Li Si's tenant, he and Zhang San and Li Si do not know each other, Wang Wu was injured, and his brand-name watch and other valuables were directly damaged, what is the scope of compensation for third party liability insurance.

Then the compensation of the three insurances will be given to Wang Wu, including medical expenses and his property damage. Of course, if you want to get the three insurance, there are many requirements, not as simple as you don't know someone who is injured, dies, or someone who is not at the scene can go to the insurance for compensation. The most important thing is to abide by the law, and only then can you get the insurance company to compensate if it is not illegal.

If you are driving without a license, or in a hit-and-run, or if the license plate on the car is not valid, you cannot go to the insurance company to ask for compensation from the third party insurance.

What is the coverage of third party liability insurance?

In addition, although the insurance compensation is not to compensate oneself, it is still oneself that benefits, otherwise the compensation given by the insurance company will have to be paid out of one's own pocket to a third party, that is, the person who was accidentally injured. Everyone should have bought insurance, and the three insurances also have different compensation amounts. Therefore, when you buy, you can buy according to your own situation, read the terms one by one, and ask clearly if you don't understand, otherwise you will buy the same as not buying, and waste money.

Third party liability insurance, excluding your own claims. The third-party liability insurance is to compensate the other party, the car damage insurance is to compensate you for some of my own vehicles, and the people in the car are dangerous, and it is to compensate you and the people in your car for the injured medical expenses and property losses, and the compulsory traffic insurance is only to compensate the other party and not to compensate yourself.

Legal analysis: both the car and the person. Third-party liability insurance refers to the economic responsibility that the insured or its permitted driver shall bear in accordance with the law if an accident occurs during the use of the insured vehicle, resulting in direct damage to the person or property of the third party, and the insurance company is responsible for compensation.

Therefore, third-party liability insurance is to compensate both the car and the person. It is worth noting that in the event of a traffic accident, when the car owner's own car is damaged, the third party liability insurance is not responsible for compensation, unless the car owner has purchased car damage insurance to obtain compensation.

According to the law: "Road Traffic Safety Law of the People's Republic of China" Article 75 Medical institutions shall promptly rescue persons injured in traffic accidents, and shall not delay treatment because rescue expenses are not paid in a timely manner. If the vehicle involved in the accident participates in the compulsory third-party liability insurance of the motor vehicle, the insurance company shall pay the rescue expenses within the liability limit; If the rescue expenses exceed the liability limit, and those who do not participate in the compulsory third-party liability insurance of motor vehicles or escape after the accident, the road traffic accident social assistance ** shall pay part or all of the rescue expenses in advance, and the road traffic accident social assistance ** management agency has the right to recover from the person responsible for the traffic accident.

Insurance Law of the People's Republic of China Article 65 The insurer may, in accordance with the provisions of the law or the contract, directly compensate the third party for the damage caused to a third party by the insured of the liability insurance.

If the insured of the liability insurance causes damage to a third party, and the liability of the insured to the third party is determined, the insurer shall, at the request of the insured, directly compensate the third party for the insurance money. If the insured fails to make a request, the third party has the right to directly claim compensation from the insurer for the part of the compensation to be paid.

If the insured of the liability insurance causes damage to a third party, and the insured fails to compensate the third party, the insurer shall not compensate the insured for the insurance money.

Liability insurance refers to insurance that takes the insured's liability for compensation to a third party as the subject matter of insurance.

The third-party liability insurance in car insurance refers to the fact that in the event of a traffic accident while driving the vehicle, if the third party suffers direct damage to the person** or property, the insurance company will compensate according to the law. Then the three insurances are the amount of insurance and the scope of compensation, and I wrote in this article in detail:【Third Party Liability Insurance】Everything you want to know is here!

Third-party liability insurance is the compensation of the insurance company for the losses suffered by a third party (person or thing) in the event of an insured accident. For example, if you accidentally crash into someone else's car or cause a car to cause a person**, the insurance company will compensate you according to the terms and conditions.

Here there will be car owners who ask, "Then the compulsory traffic insurance can also be compensated, is it possible to buy the compulsory traffic insurance without buying the third-party liability insurance?" ”

Of course not! There is still a difference between the two, you can see this:Do I still need to buy commercial third-party liability insurance with compulsory traffic insurance? How much is the warranty?

In layman's terms, it literally means a type of insurance that compensates for the loss of a third party. So who is the third party? What does it compensate? Here's an example:

If you drive and hit someone, the person is a third party;

If you drive into a car, the car that was hit and the people and property in the car are third parties;

If you drive your car and hit the roadside railing, then ** is a third party (the roadside is public property);

If you drive into a cat or a dog or a stall or a house, then the owner of these things is a third party;

Now there are so many luxury cars on the road, in case of a traffic accident, the compulsory traffic insurance is definitely not enough.

Therefore, the three liability insurance is also a must-buy, and the insured amount should exceed 1 million.

In fact, the commercial three liability insurance** is different due to different insurance companies and different channels, and the specific amount depends on the grade corresponding to the maximum compensation limit, and the premium also changes from low to high.

Third-party liability insurance mainly protects the personal and property losses of the third party in traffic accidents, and as a supplement to the compulsory traffic insurance, the third-party liability insurance is a type of insurance that must be bought. How much is third party liability insurance? How to pay?

1. What does the third-party liability insurance cover?

The main coverage of third party liability insurance includes death and disability, medical expenses, and property damage.

Death & Disability Expenses

Including funeral expenses, death compensation, transportation expenses incurred by the victim's relatives for funeral matters, disability compensation, disability assistive device expenses, nursing expenses, ** expenses, transportation expenses, living expenses of dependents, accommodation expenses, lost work expenses, and solatium for mental damages borne by the insured in accordance with court judgments or mediation.

Medical expenses

Including medical expenses, diagnosis and treatment fees, hospitalization fees, hospital meal subsidies, necessary and reasonable follow-up expenses, plastic surgery fees, and nutrition expenses.

Property damage expenses

It includes the cost of physical damage such as the other party's vehicle and the goods on the vehicle.

2. What does the third-party liability insurance not cover?

The amount of third-party liability insurance is limited to the amount insured, and the car owner needs to pay for the part that exceeds the amount insured, so the amount of insurance must be in place when purchasing third-party liability insurance. How much should I buy? Look here and you'll know:

How much is commercial third party liability insurance rated?

The compensation of third-party liability insurance must be based on the law, and accidents caused by unlicensed driving, drunk driving, etc. are not compensated.

Third-party liability insurance has a certain deductible odds according to different accident causes, the deductible odds are the part that the insurance company does not pay, which needs to be borne by the car owner, and the deductible odds stipulated by the third-party liability insurance are as follows, for the insured motor vehicle party:

If the person bears the responsibility for the secondary accident, the accident liability exemption rate of 5% shall be implemented;

If the same accident responsibility is borne, a 10% accident liability exemption rate shall be implemented;

If the main accident is responsible, 15% of the accident liability is exempted;

If the person bears all the responsibility for the accident, the accident liability exemption rate of 20% shall be implemented;

In case of violation of the safe loading regulations, an absolute free odds of 10% will be implemented.

Therefore, third-party liability insurance generally does not cover the whole amount. If you want to increase the compensation ratio, remember to be sure to buy deductible insurance, deductible insurance can transfer this part of the cost of the third party liability insurance deductible to the insurance company, and the insurance company will pay in full, but in some cases, the deductible insurance is also not compensated, if you want to know more about the car owner without deductible insurance, you can take a look at this article: What is deductible insurance?

You'll understand after reading it!

Third party liability insurance refers to accidents that occur during the use of the insured vehicle by qualified drivers permitted by the insuredThe amount of compensation that shall be paid by the insured in accordance with the law for the direct loss of personal or property suffered by a third partyThe insurer will compensate in accordance with the relevant provisions in the insurance contract.

【Third Party Liability Insurance】Everything you want to know is here!

1. Insurance liability of third-party liability insurance

Many people will be curious, who is this third party?

In the insurance contract:

The insurer is the first party, also called the first party; If the insured or the victim is the second party, it is called the second party; In addition to the insurer and the insured, the victim who suffers bodily injury or property damage due to an accident of the insured vehicle is a third party, called a third party.

In a nutshell, whether it hits a person, a cat or a dog, a house, a stall, or a public facility, the owner of the item is a third party.

2. Compensation for third-party liability insurance

Third-party liability insurance compensation includes car damage compensation and personal injury compensation, let's take a look at them separately.

(1) Compensation for car damage and property damage

Judging from the current economic level, in third- and fourth-tier cities, luxury cars have already run all over the streets. In first- and second-tier cities, the density of cars is greater, and the number of luxury cars is more, touching the rear of a luxury car, 500,000 is not enough if it is serious, which is not something that ordinary people like us can afford.

(2) Personal injury compensation

In general, the compensation items for victims include: medical expenses, lost work expenses, nursing expenses, transportation expenses, nutrition expenses, funeral expenses, living expenses of dependents, death compensation, and moral damages.

In addition, the standard of personal injury compensation increases by an average of 10% per year.

In the event of a major accident, in terms of the most serious death benefit, the current personal death benefit is around 700,000.

When the two are combined, the amount of compensation will not be lower.

To sum up, the insured amount of third-party liability insurance is generally recommended to purchase 1 million or more, and the living standard and economic development conditions of the area are good (in the first-tier cities), and it is best to increase the amount above 1 million.

Different car situations, the determination of the amount of insurance is not the same, the specific situation analysis can be seen in this article: with compulsory traffic insurance, do you still need to buy commercial third-party liability insurance? How much is the warranty?

1. Third party liability insurance (referred to as three liability insurance, also known as three party insurance), full name: commercial third party liability insurance. It refers to the amount of compensation that should be paid by the insured in accordance with the law due to the direct loss of personal or property suffered by a third party due to an accident that occurs in the process of using the insured vehicle by a qualified driver permitted by the insured, and the insurer will compensate in accordance with the relevant provisions of the insurance contract.

Third party: In the insurance contract, the insurer is the first party, also called the first party; The insured or the person who caused the injury using the insured vehicle is the second party, also known as the second party; In addition to the insurer and the insured, if the person under the insured vehicle suffers personal or property damage due to an accident of the insured vehicle, the victim under the vehicle is a third party, also known as a third party. In the event of an accident third party liability insurance accident between the vehicles of the same insured, neither party shall constitute a third party.

According to the responsibility of the driver of the insured vehicle in the accident, the insurer shall be within the limit of liability specified in the insurance policy, as follows.

Deductible: (1) The deductible for full liability is 20%, the deductible for primary liability is 15%, the deductible for equal liability is 10%, and the deductible for secondary liability is 5%.

2) If the safety loading regulations are violated, the free odds will be increased by 10%.

Therefore, under normal circumstances, the insurance of third-party liability insurance is insured without excluding the special contract of free odds, and the two types of insurance are combined insurance. Subject to special agreement, after the occurrence of an insured event, the insurer shall be responsible for the compensation of the part of the deductible amount borne by the insured without counting the deductible insurance, if the accident liability waiver is calculated according to the commercial third-party liability insurance, vehicle damage insurance or vehicle personnel liability insurance that the insured chooses to insure, or according to the absolute deductible of the whole vehicle theft insurance.

2. The general process of vehicle insurance claims is:

1. Report the case. After an accident, keep the scene of the accident and report it to the insurance company you insure immediately.

2. On-site processing.

1. The insurance company sent someone to the scene for investigation.

3. Damage assessment and repair.

1) The owner of the vehicle will send the vehicle to the damage assessment center and notify the insurance company at the same time to assess the damage.

2) Repair the car in the repair shop.

3) The owner picks up the car.

4. Submit documents for claim.

Claim: Collect the claim information and submit the materials to the insurance company for claim procedures.

5. Loss adjustment.

After receiving the complete claim documents, the insurance company will adjust the balance and determine the final payment amount.

6. Indemnification. The financial officer of the insurance company will transfer the compensation to the bank account designated by the car owner according to the amount calculated by the claims adjuster.

The above is the general process, now to the insurance company's designated repair plant, you can do not need to advance money, directly repair the car, fast and convenient.

Extended reading: [Insurance] How to buy, which one is better, teach you to avoid these insurance"pits"