The basic third party liability in automobile insurance refers to a kind of additional insurance clause provided by the insurance company for the third party victims when the vehicle has a traffic accident or other damage acts, which can bear the corresponding compensation liability for the third party victims. As a car owner, the purchase of basic third-party liability insurance is a necessary condition stipulated by law, but also an important means to protect their own safety and the safety of others. This article will introduce the basic third party liability in automobile insurance from the following aspects.
Basic third party liability definition
The basic third party liability refers to a kind of additional insurance clause provided by the insurance company for the third party victim when the vehicle has a traffic accident or other damage behavior, which can bear the corresponding compensation liability for the third party victim.
Specifically, the basic third party liability can include the following aspects:
Personal injury compensation
In the event of a traffic accident or other damage to the vehicle, the insurance company can provide personal injury compensation for third party victims, including medical expenses, lost work expenses, disability compensation, etc.
Property damage compensation
In the event of a traffic accident or other damage to the vehicle, the insurance company can provide property loss compensation for the third party victim, including vehicle repair costs, property loss compensation, etc.
Scope of application of basic third party liability
Basic third party liability applies to all vehicles, whether new or used, and basic third party liability insurance must be purchased. According to the provisions of China’s Road Traffic Safety Law, car owners must buy basic third-party liability insurance, otherwise they will not be able to drive on the road.
Basic third party liability considerations
When purchasing basic third-party liability insurance, car owners need to pay attention to the following points:
Understand the insurance terms
Owners need to understand the insurance terms of basic third-party liability insurance, including insurance protection, deductibles, insurance costs, etc., to avoid being unable to obtain compensation from insurance companies in insurance accidents.
Choose the policy that suits you
Owners need to choose their own insurance terms according to their own needs to protect their own interests.
Pay attention to insurance payments
Car owners need to pay attention to the payment of insurance fees to avoid the failure to pay insurance fees in time and the insurance contract cannot take effect.
Pay attention to the handling of insurance accidents
Owners need to pay attention to the treatment after the insurance accident, including timely reporting, retaining evidence, complying with claims procedures, etc., in order to obtain compensation from insurance companies.
Basic third party liability claims process
In the event of a traffic accident or other damage to the vehicle, the owner needs to settle the claim in accordance with the following procedures:
Report a case to the police
The owner needs to report the accident as soon as possible after the accident, so that the insurance company can intervene in time.
Field investigation
The insurance company will send professionals to investigate the scene and collect evidence and information to determine the liability and compensation scope of the accident.
Claim application
The owner needs to fill in the claim application according to the requirements of the insurance company, and submit the relevant evidence and information.
Claims review
The insurance company will review the claim application submitted by the owner to determine the amount and scope of compensation.
Compensation payment
The insurance company will pay compensation to the third party victims based on the results of the audit.
Conclusion
The basic third party liability refers to a kind of additional insurance clause provided by the insurance company for the third party victim when the vehicle has a traffic accident or other damage behavior, which can bear the corresponding compensation liability for the third party victim. When purchasing basic third-party liability insurance, the owner needs to understand the insurance terms, choose the insurance terms that are suitable for him, pay attention to the payment of insurance costs and the handling of insurance accidents, in order to obtain the most comprehensive protection. In the process of claim settlement, the owner needs to operate in accordance with the requirements of the insurance company in order to successfully obtain compensation.
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