Auto insurance basics Q A Insurance Tips

Category: Insurance tips Release Date: 2006-08-01

Q: What is the insurance bills, insurance policies, insurance cards, and the endorsements?

A: The insurance alone is a kind of insurance policyholders to apply evidenced in writing. One is usually provided by insurance companies insured by the insured to fill in and take effect after the signature or seal, insurance companies, according to insurance policyholders filled out the contents of a single insurance policy issued by the original.

, Also known as the original insurance policy, insurance companies and the insured entered into a written proof of insurance contracts. Insurance policies issued by insurance companies, primarily insurance companies and the insured person set out in between the rights and obligations, it is insured to the insurance companies claim certificate.

Insurance card is issued to policy holders by insurance companies, and record the original insurance policies in the main content for the policy holders to carry a card or a simple certificate.

Endorsement is to change the content of insurance contracts, the insurance company issued to the insured person's supplementary written evidence, and the policy has the same binding contract.

Q: Why are used cars only by新车购置价loss of insurance when the insured vehicle, the vehicle there is a partial loss of insurance in order to calculate compensation based on actual repair costs?

A: The reason is that new car or used car, the repairs should be replaced with new parts, namely, new and used cars, after the cost of repairing the damaged is the same. If the body according to the actual value of the insured loss of insurance, the premium used cars is significantly less than the new car, which the new car users is not fair.

Q: whether the vehicle can be re-insured?

A: Repeat the insured is defined as one with the same car insurance, respectively, two, or two or more insurance companies. Repeat the insurance will only receive a compensation. "Insurance Law" Article 40 provides that: double insurance, each insurance company shall not exceed the amount of compensation新车购置� So, do not insure the same car more than the same car insurance. Otherwise, some of the premium is white flowers, is not without any compensation.