[YesAuto Auto Insurance Interpretation] I don’t know how you chose it. In recent years, my insurance coverage for the three insurances has been increasing, from the initial 500,000 to the later 1 million, so that the most recent renewal, I started Consider the sum assured of 2 million. You may ask: Is it useful? ! Don't worry, with the announcement of the “Traffic Accident Compensation Standards”, we seem to have discovered some trends and wind directions from it. Is your three insurance still enough to compensate? After reading this own answer! (This article takes the Beijing version of the latest data as an example. For other regions, please refer to the corresponding indicators according to the dimensions described in the article)
Per Capita Disposable Income of Urban Residents: What does it have to do with your risk?
When it comes to the term per capita disposable income of urban residents, it seems that everyone will only regard it as a report of social progress and changes in ordinary people’s income. Few people will associate it with auto insurance compensation, let alone think of it. Changes will directly affect the effects of your three risks. Next, I will use a series of examples to show you how important “it” is!
Three liability insurance cannot compensate yourself. In insurance, the first is the insurer (the insurance company), the second is the insured or the victim (you) who uses the insured vehicle, and the rest is counted as the third Therefore, the three insurance is used to compensate the personal injury or property loss suffered by a third party.
Now that the meaning of the three insurances is clear, let's continue to talk about the relationship between the per capita disposable income of urban residents and your compensation!
There are relationships! It directly determines the base of death/disability compensation.
1. Death compensation
The compensation for death shall be calculated in accordance with the per capita disposable income of urban residents in the previous year in the place where the court is sued as a reference, and shall be calculated on a twenty-year basis. However, for those over 60 years old, the age will be reduced by one year for each additional year, and for those over 75 years old, it will be calculated as five years. For example, try to calculate it as shown in the figure below.
2. Disability compensation
Disability compensation is calculated based on the victim’s incapacity or level of disability, the per capita disposable income of urban residents or the per capita net income of rural residents in the previous year where the court is located, and is calculated for 20 years from the date of disability. However, for those over 60 years old, the age will be reduced by one year for each additional year, and for those over 75 years old, it will be calculated as five years.
Living expenses for dependents: Is it over if the casualties are paid? No!
In addition to the disability or casualties involved in the victims themselves, the new regulations also give corresponding explanations for the compensation of dependents. If the dependent is a minor, the dependent is counted as 18 years old, and the dependent is incapable of working. If there is no other source of livelihood, 20 years are counted. However, for those over 60 years old, the age will be reduced by one year for each additional year, and for those over 75 years old, it will be calculated as five years. In addition, the assessment will be based on the nature of the household registration and the level of disability. In this regard, the dependents, disability and death compensation are calculated in a similar logic.
Tips: What is a dependent?
First: Dependents refer to minors who are legally obligated to support the victim or adult close relatives who have lost the ability to work and have no other source of income.
Second: If the dependent has other dependents, the obligor of compensation only compensates the part that the victim should bear according to law.
Third: If there are several dependents, the total annual compensation shall not exceed the per capita consumption expenditure of urban residents or the per capita annual consumption expenditure of rural residents in the previous year.
Funeral expenses: up to six times the local average salary!
With regard to funeral expenses, the state uniformly determined the average monthly salary of employees in the previous year at the location of the court where the lawsuit was filed, and was calculated based on the total amount of six months. In other words, the funeral expenses are compensated for six times the average monthly salary of the employees in the previous year.
About nutrition and mental pension
Here comes the question: how much should we buy in order to “self-help”?
Guess how much of the three insurance you can take? 10 million capped?
Finally, how much is the three insurance recommended for everyone?
There are eight levels of insurance coverage of the three liability insurance: 50,000, 100,000, 150,000, 200,000, 300,000, 500,000, 1 million, and more than 1 million. The premium for each insured amount is also different. The insured amount of the three insurances is directly related to the premium, so it is best to find a balance between the premium paid and the protection. Just like when we buy serious illness medical insurance, it is important to find our own balance of payments, rather than blindly pursuing high insurance coverage.
To put it simply, the three types of insurance consist of two major pieces: material damage and personal injury. “Material damage” is easy to understand, it is a crash. If the common “BBA” is injured during driving, assuming that the insurance coverage of the three is 300,000 to 500,000, will it be enough to cover the maintenance costs of these luxury cars? As long as there are no major accidents, common scratches or rear-end collisions are almost enough to compensate. But if you change to a BBA (Bentley, Bugatti, Aston Martin), it may not be enough to compensate. Of course, the probability of getting a real luxury car is still quite low. Unless you take the initiative to get close, say otherwise.
Compensation for personal injury is much more complicated than “material damage.” Common compensation items include: medical expenses, lost work expenses, nursing expenses, transportation expenses, nutrition expenses, funeral expenses, living expenses of dependents, death compensation, and mental damage compensation. You can understand it this way, the sum of these costs is the sum insured when we need to purchase the three insurances. How much the casualties have to be compensated has a lot to do with the local economic conditions and living standards. This is why I talked to you about the per capita disposable income of urban residents at the beginning. To put it bluntly, in the event of a casualty accident, what is the local compensation standard, the insurance coverage of the three insurance + compulsory insurance The insurance amount of 110,000 yuan is not enough for you to retire all over the body. Think about it clearly!
Editor said: Assess risk / do what you can
Just like the per capita disposable income of urban residents mentioned in the opening chapter, the consumption level of a region largely determines the local death compensation, the value of local buildings and vehicles, etc. The more developed the city, the less it can be underestimated. It is recommended that you take full account of the local development level while considering the insurance coverage of the three, and apply for insurance in accordance with your own situation. I wish everyone a safe journey never to be out of insurance.