With the continuous increase of car ownership, car insurance has become an indispensable part of People’s Daily life. When choosing auto insurance, car owners usually focus on the issue of insurance deductibles. This article will introduce the definition of insurance deductible, the types of deductible, the calculation method of deductible and how to choose the appropriate insurance deductible.
Definition of insurance deductible
Insurance deductible refers to the amount of loss that the owner needs to bear when the insurance company stipulates when the owner buys the auto insurance. Insurance deductible is a risk sharing mechanism between the insurance company and the owner, which can reduce the cost of the insurance company, and also allow the owner to bear a certain economic loss when the insurance claim is settled.
Types of deductibles
1. Compulsory deductible: Compulsory deductible refers to the mandatory deductible prescribed by law, such as the compulsory deductible of traffic insurance. The mandatory deductible is set by the state and the owner cannot choose.
2. Voluntary deductible: Voluntary deductible refers to the deductible that the owner voluntarily bears when purchasing commercial insurance. The voluntary deductible is chosen by the owner and can be determined according to his actual situation and insurance needs.
3. Special deductible: Special deductible refers to the deductible agreed between the insurance company and the car owner in the insurance contract. The special deductible can be determined according to the needs of the owner and the requirements of the insurance company.
How the deductible is calculated
Deductibles are usually calculated in two ways:
1. Fixed amount calculation method: The fixed amount calculation method means that the deductible amount stipulated by the insurance company is fixed and unchanged, such as 500 yuan, 1000 yuan, etc.
2. Proportional calculation method: The proportional calculation method refers to the proportion of the deductible amount stipulated by the insurance company to the value of the vehicle, such as 1%, 2% of the value of the vehicle.
How to choose the right insurance deductible
1. Choose the deductible according to the value of the vehicle: The owner can choose the deductible that is suitable for him according to the value of his vehicle. The higher the value of the vehicle, the higher the deductible should be.
2. According to their own economic ability to choose the deductible: owners can choose their own deductible according to their own economic ability. If the financial ability is strong, you can choose a higher deductible; If you have less financial means, you can choose a lower deductible.
3. Consider the balance of insurance cost and insurance protection: The owner should consider the balance of insurance cost and insurance protection when choosing the deductible. If you choose a higher deductible, the insurance cost will be relatively low, but you need to bear a higher financial loss when you settle the insurance claim; If you choose a lower deductible, the insurance cost will be relatively high, but you need to bear the lower financial loss when the insurance claim is settled.
Conclusion
Insurance deductible refers to the amount of loss that the owner needs to bear when the insurance company stipulates when the owner buys the auto insurance. Insurance deductibles can be divided into compulsory deductibles, voluntary deductibles and special deductibles. When the owner chooses the right insurance deductible for himself, he can consider factors such as the value of the vehicle, his own economic ability and the balance of insurance costs and insurance protection. Therefore, when buying auto insurance, car owners should choose the type and amount of insurance suitable for themselves according to their actual situation and insurance needs, and pay attention to relevant information such as insurance liability and insurance terms, so that they can get timely and professional help in insurance claims.
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