Compulsory automobile traffic insurance, the full name of compulsory motor vehicle traffic accident liability insurance, is a compulsory insurance under the laws of China. Its main function is to ensure that the motor vehicle provides basic compensation for personal and property losses caused by third parties in the event of a traffic accident. The scope and amount of compensation for compulsory traffic insurance are clearly stipulated by law, which is of great significance to both the vehicle owner and the victim.
The compensation scope of compulsory traffic insurance mainly includes the following aspects:
Personal **, including medical expenses, lost work expenses, nursing expenses, etc. for third-party injuries; If the death of a third party is caused, it also includes death compensation, funeral expenses, etc.
Property damage, compensation for damage caused by third-party property (such as vehicles, houses, etc.).
No liability compensation, even if the insured vehicle is not responsible for a traffic accident, the compulsory traffic insurance will compensate the victim within a certain range.
According to the Regulations on Compulsory Insurance of Motor Vehicle Traffic Accident Liability, the compensation limit of compulsory traffic insurance is as follows:
Personal **, the compensation limit per person for each accident is 110,000 yuan, including death compensation, medical expenses, etc.
For property damage, the compensation limit for each accident is 20,000 yuan, which is used to compensate for the property loss of third parties.
No liability compensation, the limit of no liability compensation for each accident is 10,000 yuan, which is used to compensate the non-responsible party victim.
Taking the traffic accident of the vehicle driven by Xiao Li as an example, assuming that the accident causes the other driver to be injured, the medical expenses are 80,000 yuan, and the other party's vehicle loses 30,000 yuan. In this case, Xiao Li's compulsory traffic insurance can compensate the other driver's medical expenses of 80,000 yuan (within the compensation limit of 110,000 yuan), but only 20,000 yuan of the 30,000 yuan of the other party's vehicle loss (the compensation limit for property damage is 20,000 yuan), and the remaining 10,000 yuan needs to be solved through other means.
Although compulsory liability insurance provides basic protection for motor vehicle owners, the scope and amount of compensation may not fully cover the losses caused by accidents in many cases. Therefore, car owners can consider purchasing commercial auto insurance for more comprehensive protection.
Third party liability insurance, which is a common commercial car insurance, provides a higher compensation limit than compulsory insurance, which can better protect the car owner against the losses caused by the accident to a third party.
Vehicle damage insurance, this type of insurance can compensate the owner of the car for the loss of his vehicle in the accident, and make up for the lack of compulsory traffic insurance in this regard.
On-board occupancy insurance provides protection for the people in the car (including the driver and passengers) to compensate for personal losses caused by traffic accidents.
In addition to improving protection by purchasing insurance, car owners should also enhance their safety awareness and prevention capabilities to reduce the occurrence of accidents
Obey traffic rules, strictly abide by traffic laws, and avoid illegal behaviors such as speeding, drunk driving, and fatigue driving.
Inspect the vehicle regularly, inspect and maintain the vehicle regularly to ensure that the vehicle is in good working condition.
Driving training, participate in driving training courses to improve driving skills and emergency handling ability.
As a necessary insurance for motor vehicles on the road, compulsory traffic insurance provides basic protection for vehicle owners and victims. It is very necessary for car owners to understand the scope and amount of compensation for compulsory traffic insurance, which can not only help car owners to reasonably protect their rights in the event of accidents, but also enable car owners to choose insurance products more wisely to ensure that their own rights and interests and those of others are effectively protected.