Disassembling a Car for Comprehensive Insurance Coverage | The Difference Between Comprehensive Insurance and Three Types of Insurance | Car Insurance Expert AWM
On holidays, there are many people and cars, and the traffic is busy; coupled with the unwillingness to train on holiday nights, to be honest, you may have no energy during the Sunday Morning Drive (SMD)... When you go out to have fun, sometimes the driver is distracted and makes a wrong judgment, and unfortunate accidents will happen
Although it is miserable to have great joy and sorrow, if an accident involves multiple parties' responsibilities, it will become a more difficult trouble to deal with... When you want to claim compensation from the other driver, what are the different steps to start the "Three Insurance" and "Full Insurance" claims? What is the process for car “comprehensive insurance” compensation? Let me briefly explain it to you below
Assuming that the other party is the driver who obviously made a mistake, "the entire responsibility lies with the other party", and I have the car cam footage to prove it, then I have sufficient grounds to pursue the other driver to compensate for maintenance fees and other expenses
I know that this maintenance fee compensation is not worth it at all, but will my insurance help me solve this problem as soon as possible? When will the money arrive? Is there anyone who can help me?
[The "Full Protection" and "Three Protections" protections are very different! When Sanbao wants to claim the other party...it turns out to be so troublesome! 】
If I buy "three guarantees", when I want the other party to compensate me, I need to do it myself! hand! one! foot! Go through the claim process, including understanding the details of the insurance terms, submitting evidence to the police, applying for claim procedures to the insurance company, asking a lawyer to clarify the legal points, etc.The administrative procedures are long and time-consuming. When the final compensation is finally received, I believe you will shout... because you have completed a great journey! Because recovering compensation is definitely not an easy matter to be handled by one person. But it’s different with “Full Coverage” coverage! Full insurance is a type of car insurance that has a larger and more comprehensive coverage than triple insurance. In addition to providing protection for the person and property of a third party, it also protects the car owner and the car! The protection and compensation coverage of comprehensive car insurance include:
Medical expenses
Car damage
Windshield protection
Towing service
Buying "comprehensive insurance" to recover compensation also has the following obvious benefits!
Immediate Compensation
Insurance companies will issue compensation as quickly as possible, first compensating "fully insured" drivers for losses caused by accidents.To reduce trouble,
you can basically let the insurance company's dedicated department handle it for you. Instead of going through the difficult insurance clauses alone, you can ensure that it is more effective than doing it yourself.Reduce recovery costs
Insurance companies will help handle attorney fees and other matters, reducing claim costs to ensure that the compensation recovered can be obtained as much as possible.Retain NCD (No Claim Discount)
if the other driver makes a mistake and causes an accident, causing our vehicle to be repaired. "Fully insured" drivers can generally keep their NCD and enjoy incremental no-claims discounts for the next year.
[What should you do when a traffic accident occurs? What is the point of the claims process? 】
In the event of a traffic accident, the first thing to do is call the police for help! If you want to claim compensation from your comprehensive car insurance, you need to take photos of the scene, and record information such as the license plate number, the phone numbers of the injured (including passengers), the location of the accident, and details of property damage. Then contact your insurance agent or insurance company to arrange the claim process. The insurance company will first compensate based on the actual damage to your vehicle so that you can get your car repaired immediately, without having to wait for the outcome of a claim against the other party and be without your car for an extended period. Then, when it comes to handling claims, the insurance company will exercise the right of subrogation (Subrogation), that is, to recover relevant responsibilities from the erring driver in your name. You can rest assured and wait for the insurance company's instructions on the recovery process
If government property is damaged
If government property is damaged in a traffic accident, the government has the right to recover the loss from you! After determining the scope of the damage and the cost of repairs required, the relevant department will issue you a payment notice requesting the amount of compensation. The amount of compensation for damage to government property varies from government to government
[4 Factors Affecting the Premium of “Comprehensive Insurance”]
Model or price of vehicle
The higher the car price or value, the higher the premium will be
Mileage
If you need to drive frequently, the risk of traffic accidents will increase, and your insurance premium will naturally increase accordingly
Driver's Record
If your driving record is full of convictions, such as multiple violations or traffic accidents, your premiums will be higher
nature of work
Some occupations, such as journalists, require frequent use of vehicles, which increases the risk of accidents and increases insurance premiums
[Suggestions and Strategies to Reduce Premiums]
Maintain a good driving record
The roads in Hong Kong are narrow and crowded with vehicles, so you must pay special attention to safe driving. Keeping your speed within the prescribed limits will help improve reaction times and reduce the risk of an accident!
Choose the right insurance
When purchasing comprehensive insurance, you should compare the coverage coverage of different insurance companies and then choose the right insurance based on your needs. You shouldn’t just look at the price, because the lower the premium for full car insurance, the narrower the scope of compensation may be, and the quality of after-sales and claims services may be poor
Installing a dashcam
, both front and rear, can record all driving and parking processes. In the event of a traffic accident, it can help determine who is at fault, reducing disputes and protecting yourself.
What you need to know and strategies before buying comprehensive car insurance
Understand the insurance terms and coverage clearly. The most important thing before purchasing insurance is to understand the insurance terms and coverage to ensure it suits your needs
Confirm that the vehicle is eligible for insurance
Before buying an older second-hand car, make sure the car is insurable before making a decision, as there is a chance that the car may be denied insurance due to its age or other factors. In addition, you should also understand the compensation procedures of your comprehensive car insurance so that you will know exactly what to do when an accident occurs
Pay attention to the intended use of the vehicle
If the vehicle is used for an uninsured purpose, the insurance company will not compensate for any losses caused by the accident
Consequences of drunk driving
If a driver is driving under the influence of alcohol and causes property damage or personal injury or death, the insurance company will first handle the relevant claims without affecting its principle of refusing compensation. Later, the insurance company will recover compensation for the third party's physical injuries from the car owner. In the end, the car owner will still be legally responsible for it, so do not drink and drive!
【FAQ】
Q: Is the compensation amount of full insurance equal to the insured amount?
A: The compensation amount of comprehensive car insurance is not equal to the insured amount. When handling compensation, the insurance company will entrust an independent notary firm to conduct a valuation and determine the compensation amount based on the price of the car of the same model and year. Therefore, the final compensation amount may be lower than your insured amount
Q: Should I notify the insurance company after an accident?
After a traffic accident, regardless of the severity of the accident, you should notify your insurance company. Because when the other party makes a claim or fails to reach a settlement and needs to litigate, the insurance company will bear the compensation and protect your rights
Full coverage insurance offers many advantages and reduces a lot of trouble!
When buying car insurance, many people only consider the flat premium and ignore other terms. Although the "Three Guarantees" are average, you should also pay careful attention to the protections that are not covered
If you want to drive with peace of mind, and similarly, if you want to avoid troubles caused by road accidents in the future, the comprehensive protection provided by Universal Insurance is your first choice! When renewing your car insurance every year, you may wish to pay attention to more policy details, understand the compensation procedures for full car insurance, and your rights, so that you can enjoy the fun of "SMD"!