Automobile insurance is a form of insurance that provides vehicle protection for car owners, and its insurance liability mainly includes personal casualties and property losses caused by traffic accidents. With the continuous development of science and technology, the insurance scope of automobile insurance is also expanding, among which the bonus guarantee is a new form of automobile insurance. This paper will make an in-depth analysis from the definition, types and insurance liability of dividend guarantee.
The definition of the dividend guarantee
Bonus insurance is a new form of automobile insurance, which is mainly to provide additional insurance protection for car owners. Dividend insurance is a new form of insurance introduced by insurance companies in order to attract more owners to buy insurance, which mainly includes the return of insurance costs, the provision of mobility scooters and so on.
Types of dividend protection
The types of bonus protection include the following:
Refund of premium
The return of the insurance cost means that the insurance company will return part or all of the insurance cost to the owner when the owner does not have an insurance claim. The return of insurance costs is a more common form of dividend protection, which can provide a certain economic support for the owner.
Mobility scooters are available
The provision of mobility scooter means that during the repair of the owner’s vehicle, the insurance company can provide the owner with a mobility scooter so that the owner can continue to use it normally. Providing mobility scooters is a more practical form of dividend protection, which can provide better service experience for owners.
Provide free maintenance
To provide free maintenance means that the insurance company can provide free vehicle maintenance services for the owner, including oil replacement, filter replacement and so on. Providing free maintenance is a more intimate form of bonus protection, which can save a certain amount of maintenance costs for the owner.
Insurance liability for bonus protection
The insurance liability of bonus protection is mainly to provide additional insurance protection for the owner, and its insurance liability includes the following aspects:
Refund of premium
The insurance obligation to return the cost of insurance is to return part or all of the cost of insurance to the owner of the car if the owner does not have an insurance claim.
Mobility scooters are available
The insurance liability of providing a mobility scooter is that during the repair of the owner’s vehicle, the insurance company can provide the owner with a mobility scooter so that the owner can continue to use it normally.
Provide free maintenance
The insurance liability of providing free maintenance is to provide the owner with free vehicle maintenance services, including oil replacement, filter replacement and so on.
The influencing factors of dividend guarantee
The influencing factors of bonus guarantee include the economic strength of insurance companies, market competition and so on. Specific influencing factors include the following aspects:
The economic strength of insurance companies
The economic strength of the insurance company is one of the important factors affecting the dividend guarantee. Economically strong insurance companies can provide more dividend protection for car owners to attract more car owners to buy insurance.
Market competition
Market competition is one of the important factors affecting dividend guarantee. In order to attract more car owners to buy insurance, insurance companies will introduce more dividend protection to improve their market competitiveness.
Conclusion
Bonus insurance is a new form of automobile insurance, which is mainly to provide additional insurance protection for car owners. The types of dividend protection include the refund of insurance costs, the provision of mobility scooters, and the provision of free maintenance. The insurance liability of bonus protection is mainly to provide additional insurance protection for the owner. The economic strength and market competition of insurance companies are one of the important factors affecting the dividend guarantee. When buying auto insurance, car owners need to make comprehensive consideration according to their own needs and economic ability, choose their own insurance products, but also need to understand the types of dividend protection and insurance liability, in order to better manage their own insurance costs.
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