On February 10, 2020, the Property Insurance Regulatory Department issued the Notice on Doing a Good Job in Auto Insurance Services during the Prevention and Control of COVID-19 Epidemic, requiring all property insurance companies, China Insurance Association and BOC Insurance Information Technology Co., Ltd.:
1. Do a good job of reminding auto insurance renewal;
2. Improve the online renewal service, reduce the flow of personnel and increase the promotion of electronic insurance policies;
3. Support the extension of Hubei auto insurance protection, and appropriately tilt taxi and logistics enterprises;
4. If the insurance is not renewed on time due to the epidemic situation, the preferential treatment of deductible will not be affected.
Precautions for failure to renew insurance on time during the epidemic:
1. In case of a traffic accident during takeoff, the loss shall be borne by the owner.
Without auto insurance, driving out is equivalent to streaking. After the vehicle is insured, it cannot enjoy normal insurance protection. Once driving on the road and a traffic accident occurs, the owner can only bear the losses himself.
2. Those who cross the highway under compulsory insurance shall be fined twice.
If we take down the compulsory insurance and go on the road, the trouble will be even greater. Once investigated by the traffic police department, the vehicle will be detained and a fine of twice the insurance premium will be imposed.
3. There are risks when the vehicle is running, and there are risks when it stops running.
Natural disasters, falling objects, falling foreign objects, fire and explosion of vehicles, vehicles being smashed for no reason or the responsible party escaping, etc.
It will be more troublesome to insure after insurance.
In order to control risks, insurance companies need to inspect and underwrite vehicles beyond the warranty period.
Therefore, it is recommended that car owners with expired auto insurance choose online insurance and try to insure on time so as not to affect the normal use of the vehicle.
Million car purchase subsidy