In the context of the increasing number of cars participating in traffic, the issue of car civil liability insurance becomes extremely important.
Civil liability insurance for cars is one of the mandatory types of insurance for all vehicle owners participating in road traffic. It plays a key role in protecting the rights of both car owners and those involved in the event of an accident, helping to pay compensation for property damage, injury or death.
Reputable insurance companies provide car civil liability insurance packages at reasonable fees, while ensuring a quick and transparent process for resolving and paying compensation claims. In addition, they also advise and guide customers on the conditions, rights and obligations of related parties when participating in insurance. So what should you keep in mind when buying car civil liability insurance? Let's refer to the article!
Car civil liability insurance is mandatory for all car owners in Vietnam to participate in. The purpose is to provide financial support to the car owner and ensure the rights of third parties in case of an accident.
The principle of insurance is "Compensating for the unlucky few" by the many. When an accident occurs, insurance companies will use the insurance money collected from the many to compensate the few. accident victims.
Automobile civil liability insurance will help road users pay and compensate for losses when accidents occur with third parties.
Civil liability insurance for cars will help you pay damages to third parties for loss of life, body and property. Or for passenger cars, they will pay for bodily and life losses of passengers under motorized passenger transport contracts.
The level of insurance liability will be the maximum amount that insurance companies can pay for personal and third party damage in each accident that occurs within the scope of insurance liability. Maximum level of compensation liability According to Circular No. 22/2016/TT-BTC of the Ministry of Finance applicable from April 1, 4.
Some cases are not covered
The effective date of compulsory civil liability insurance for automobiles is specifically stated on the Insurance Certificate. But not before the motor vehicle owner has paid the full insurance premium.
The normal insurance period is 01 year. During the valid period stated on the Insurance Certificate, if there is a transfer of motor vehicle ownership, all insurance benefits related to the owner's civil liability The old car is still valid for the new car owner.
However, the automobile civil liability insurance contract will be canceled in the following cases:
3 main reasons to buy civil car insurance:
With 5 notes when Automobile civil liability insurance We present above in the hope of gaining more knowledge to help you realize the importance of civil car insurance. And also learn more about the benefits of this type of insurance.
Charges Civil car insurance is calculated based on many factors such as vehicle type, purpose of use, number of seats and cylinder capacity. For example, a car with less than 6 seats has a fee from 437.000 to 873.000 VND/year, while a car with 6-11 seats has a fee from 794.000 to 1.752.000 VND/year.
The compensation process usually includes 5 main steps:
Yes, many insurance companies now offer online insurance purchasing services. The process usually includes 4 steps: choose an insurance package, fill in information, pay and receive e-policy. Completion time is only about 5-10 minutes.
Can be transferred when transferring vehicle ownership. Insurance benefits remain valid for new car owners for the remaining term of the contract. Transfer procedures need to be carried out within 15 days from the date of transfer of ownership.
No, this insurance only covers third party liability. To protect people sitting in the car, it is necessary to buy additional accident insurance for people sitting in the car with a minimum insurance level of 10 million VND/person/case.
No, this insurance only covers damage caused by traffic accidents. Damage caused by natural disasters such as storms, floods, and earthquakes is covered by vehicle physical insurance and needs to be purchased separately.
You can use online comparison tools or refer to comparison tables from insurance agents. Factors to consider include:
Read the article now: Top 7 Auto insurance company Most reputable and professional today, chosen by many car owners.
Some insurance companies have fee reduction programs for customers with no claims. The reduction is usually from 10-20% of insurance premiums for the following year. However, this program is not universal and depends on each company's policy.
If compensation is denied, the following steps can be taken:
The contract can be canceled in certain cases such as the vehicle being stolen, completely damaged or transfer of ownership. The insurance fee will be refunded according to the remaining time of the contract, minus 20% management fee. Request to cancel the contract must be sent in writing with relevant documents.
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To keep your vehicle running properly at all times, we offer a number of services that are carried out by our certified, expert auto service and repair technicians who have years of experience performing everything from oil changes to a complete engine overhaul.
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