There is a constant controversy over the “high security and low compensation†of auto insurance in the market, and this problem is expected to be resolved with the fee reform in the future. Yesterday, the China Insurance Industry Association disclosed that the “model clause†in conjunction with the auto insurance fee reform has undergone revision and solicitation of opinions. It is clearly stated that the insurance amount of the car damage insurance is determined according to the actual value of the insured motor vehicle at the time of insurance. Twist-off Lug Cap Production Lines twist off cap production line,twist off cap making machine,Twist-off caps Automatic production line Zhoushan Golden Pard Machinery Co., Ltd.  , https://www.goldenpardmachines.com
The currently implemented car damage insurance is insured at the new car purchase price and paid at the depreciation price. This is the “high insurance and low compensation†referred to in the market. Many people think that this is unfair and damages the legitimate rights and interests of consumers. In this regard, the 2014 version of the “model clause†issued by the China Insurance Association is proposed to make the above amendments. When all losses occur in the insured vehicle, the compensation is calculated based on the insured amount, and part of the loss occurs, and the compensation is calculated within the insured amount according to the actual repair cost.
It is understood that the current commercial vehicle insurance general ABC terms, in order to match the rate market, the China Insurance Association will push the "model clause" for insurance companies to choose, while insurance companies can also develop pricing. The “model clause†integrates and refines the ABC provisions and amends the terms of the market that have previously been controversial or prone to disputes.
In addition to the "high security and low compensation", "no responsibility and no compensation" is also expected to be resolved. Prior to this, it was difficult for the owner to recover the claim from the responsible party for the accident. Even if the right of subrogation can be exercised, it is extremely difficult for the insured enterprise to make advance payment and replace it later. Therefore, the “model clause†clearly states that the insured can also claim directly from the insurance company.
The “model clause†further expands the scope of liability of auto insurance, such as the “consultation of personal injury or death suffered by the vehicle personnel under the insured motor vehicle†in the exemption of the current auto insurance clause liability, “the driver’s license is invalid or not verifiedâ€. 15 items such as “qualified†were deleted, and the “insurance, driver’s family members’ personal injury and death†was included in the coverage of the three risks; whether the “third party†in the auto insurance clause included the “insurant†The dispute is quite controversial, and the “model clause†is clear. The “third party†does not include the insured motor vehicle and the insured, and essentially includes the “insured†into the third party. Among them, it is further clarified that the scope of the “vehicles on the vehicle†is “the person who is in the body of the insured motor vehicle or on the vehicle body at the moment of the accident, including the person who is getting on and off the vehicleâ€.
In addition, the “model clause†also reduced the integration of additional insurance, expanded the coverage of the main insurance, and consolidated the existing 38 additional risks into 11 additional risks, of which 5 additional insurance coverage risks were incorporated into the main insurance insurance liability, including Coach car special, reverse mirror lamp damage, car cargo drop, legal fees and car rental car missing additional insurance; deleted 23 value-added services that are of little significance to consumers' actual risk protection or belong to some insurers Additional risks, such as additional tire replacement services, additional fuel delivery, charging services, additional trailer services, etc. The policy in the previous auto insurance clause "effective for the next day at 0:00" was also deleted, allowing the insured to choose between "zero hour start" or "immediately effective".