Top 3 Things You Should Know About Bao Minh Auto Insurance

Bao Minh auto insurance Dubbed as comprehensive insurance for cars and received a lot of trust from the owner. With a wide range of insurance products and attractive benefits, this insurance has received more and more incentives. To better understand Bao Minh auto insurance, read our article below!

Top 3 Things You Should Know About Bao Minh Auto Insurance

1. Brief introduction about Bao Minh automobile insurance

This is a form of car insurance in order to support the payment of compensation for material damage due to unexpected accidents. Through this insurance will help car owners firmly steer the car when participating in traffic. At the same time also helps them reduce the financial burden effectively.

Bao Minh auto insurance is highly appreciated by everyone for providing a comprehensive service package at an extremely affordable price. Thereby helping to ensure the rights of car owners over the compensation process.

2. Learn about insurance products of auto insurance

2.1. Physical insurance of Bao Minh cars

Subjects covered: types of cars operating on the territory of Vietnam including hulls, equipment and machines, etc.

Coverage:

You will be compensated for the material damage caused by unexpected accidents causing the car to be scratched or damaged, namely:

• Cars have an accident due to a collision or overturn.
• Cars exploded or caused by natural disasters, floods or storms.
• Cars have spare parts stolen.

Some cases you will not be compensated by Bao Minh insurance company:

• Cars are naturally worn and damaged
• Cars lost during operation of the device
• After repairing or renovating cars, cars have not been re-registered
• Lost cars, civil disputes
• Engine loss due to a vehicle entering a submerged area or water getting into the engine.

Physical insurance period of motor vehicles: usually 1 year.

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2.2. Compulsory compulsory insurance for car owners

Subjects covered: Vehicle owners participating in traffic on Vietnamese territory

Range of compensation:

• When your car causes physical and property damage to a third party
• When your car causes damage to the body and the life of the passenger under the contract of carriage.

Cases not covered by insurance insurance companies:

• When the car owner intentionally caused an accident
• When the car owner caused the accident but still intentionally fled
• When drivers do not have a driver's license, it is against the law to trade in banned goods
• When drivers violate traffic laws such as drinking alcohol, wriggling ....
• The damage related to antiques, precious paintings, gold and silver ...

The validity period of the vehicle owners' TNDS insurance: will be on the certificate of insurance and usually 1 year.

2.3. Accident insurance for drivers and passengers

Subjects covered: drivers, assistants and people in cars

Coverage:

• Physical damage to the insured by accident during traffic.

The case is not insured insurance company compensation:

• The driver intentionally caused the accident
• Drivers use alcohol in excess of the legal limit or use drugs ... The driver is sick, food poisoning or using drugs not directed by a doctor.

Accident insurance period: 1 year

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3. The benefits you get when participating in insurance auto insurance

• For car insurance: Bao Minh will pay compensation and support to pay car owners for damage caused by car accident. Besides, when participating auto insurance minh minh also pay the necessary costs in an accident and take the car to the nearest prestigious garage.
• For insurance not counting depreciation of new spare parts: Bao Minh will compensate the actual value of the new replacement parts.
• For selected garage repair insurance: Bao Minh will let the car owner choose a repair garage. And the repair cost will be considered by the company on the basis of car repair prices of the same area garage.
• For motor damage insurance due to hydroelectricity: Bao Minh will compensate motor vehicle owner for damage x echo when participating in this insurance when flooded. The level of compensation is 20% of the loss and minimum of 3 million VND / case.

The above has shared the top 3 things you should know about auto insurance minh minh. Thereby, choose for yourself the appropriate car insurance package in Bao Minh to reduce financial burden when the car goes into more trouble.

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